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View Full Version : Martin No 38 (D9, Freehold, SC Global)



mr funny
13-08-08, 10:04
http://www.businesstimes.com.sg/sub/news/story/0,4574,292016,00.html?

Published August 13, 2008

SC Global to launch Martin No38

By ARTHUR SIM


SC GLOBAL will launch Martin No 38 next month at an average price close to $2,000 per square foot.

http://www.businesstimes.com.sg/mnt/media/image/launched/2008-08-13/BT_IMAGES_ASGLOBAL13.jpg
Sleek beauty: Artist's impression of the development, designed by award-winning architect Kerry Hill. It will launch at an average price close to $2,000 psf.

The company said in a statement yesterday that the 91-unit development in Martin Road, near Mohammed Sultan Road and Clarke Quay, will mostly comprise one-plus-one bedroom and two-bedroom apartments ranging from 969-1,130 sq ft. There will be a limited number of larger two-plus-one and three-bedroom apartments, ranging from 1,335-1,485 sq ft.

Knight Frank director (research and consultancy) Nicholas Mak said the pricing appears a little 'bullish' but the developer may feel the project's 'design' merits this.

A unit in nearby Robertson Blue sold recently for around $1,800 psf, he said.

And in March, it was reported that about 30 units at Martin Place Residences in Kim Yam Road sold for an average price of of about $1,800 psf after discounts.

SC Global is best known for developing high-end niche projects. And according to its chairman and chief executive officer Simon Cheong: 'There is always room for the right product. Martin No 38, with the SC Global reputation for quality, will be unique and original. We are confident it will be well received.'

The development is designed by award-winning architect Kerry Hill. It is based on warehouse lofts in New York and London and features high ceilings and seamless interior spaces.

SC Global says: 'An austere and beguiling industrial aestheticism pervades the details of this development, from the blackened tap fittings to the sheet-metal panels in the bathrooms, with their exposed bolt heads, unplastered interior concrete walls, exposed plywood edges of the cabinetry and acres of unvarnished timber.'

SC Global bought the site in 1999 but deferred development until the area had 'rejuvenated itself and the context for this housing concept became ripe'.

SC Global projects under construction include The Marq on Paterson Hill and Hilltops at Cairnhill. The group has a landbank of more than 1.1 million sq ft of gross floor area in the Orchard Road and at Sentosa Cove.

mr funny
13-08-08, 10:30
http://www.straitstimes.com/Money/Story/STIStory_267397.html

August 13, 2008 Wednesday

SC Global offers NY-warehouse living at Martin Rd

http://www.straitstimes.com/STI/STIMEDIA/image/20080812/ST_IMAGES_JTMARTIN.jpg
The warehouse flats will boast a more rugged design. -- SC GLOBAL

SC GLOBAL is introducing New York-style warehouse living to Martin Road - a first for Singapore - with prices that will be set above the market average.

Like warehouse lofts in Lower Manhattan, the flats will feature high ceilings and seamless interior spaces that can be separated at will, using walls that slide and hide away.

And unlike traditional high-end developments here, Martin No. 38, as the project is called, will have a more rugged design of raw concrete, base metal finishes and unvarnished timbers.

Australian architect Kerry Hill is designing the project, which is on the site of a former warehouse near the Singapore River.

The freehold development, which will be launched later this year, will be 15 storeys high with 91 units, including four penthouses with pools.

Most of the units will be small - from 969 to 1,130 sq ft each - but there will be some larger ones of 1,335 to 1,495 sq ft each.

SC Global is aiming to sell the units at an average of $2,000 per sq ft (psf).

Prices of projects in the same area are around $1,200 to $1,850 psf, according to Knight Frank. Newer projects like 8 Rodyk cost more - a 721 sq ft apartment sold at $1,800 psf last month.

But market sentiment remains weak, with buyers staying away, especially from the high-end sector, which surged dramatically last year.

Prices have since slipped while activity has slowed considerably. But there is always room for the right product, said SC Global chairman and chief executive Simon Cheong, who is confident Martin No. 38 will be well-received.

SC Global bought the site in 1999 but said it deferred development until the area was rejuvenated and the concept of warehouse lofts became viable.

JOYCE TEO

oxboy99
15-08-08, 16:07
Wow. This is why management are paid lots of money and the end users end up getting shit. Don't they know that recession is already here?

Japan - in recession.
US - in recession.
EU - in recession.
SG - in technical recession.

C'mon $2K psf? Even if it is very nicely designed, ppl will just pay $1.3K psf and stay at Parc Emily instead. And they can move in NOW.

yeo
15-08-08, 16:16
Wow. This is why management are paid lots of money and the end users end up getting shit. Don't they know that recession is already here?

Japan - in recession.
US - in recession.
EU - in recession.
SG - in technical recession.

C'mon $2K psf? Even if it is very nicely designed, ppl will just pay $1.3K psf and stay at Parc Emily instead. And they can move in NOW.


hello oxboy, what u think of nomu? thx.

buy
17-08-08, 22:28
nice project

parc emily is crap lah
19-08-08, 14:32
parc emily is a crap development, dont bring it into the picture. it is a low class development in the lousiest part of D9. Lousy facing and lousy interior, short buildings and shitty surroundings. Even the HDB flats a short walk away from parc emily is much better.


Wow. This is why management are paid lots of money and the end users end up getting shit. Don't they know that recession is already here?

Japan - in recession.
US - in recession.
EU - in recession.
SG - in technical recession.

C'mon $2K psf? Even if it is very nicely designed, ppl will just pay $1.3K psf and stay at Parc Emily instead. And they can move in NOW.

condowner
19-08-08, 22:44
I would also be keen on having (do i need to say) constructive feedback on Nomu, for this i would encourage anyone to do so on the Nomu thread that s been created under the district 9 folder.
Cheers.

NOMU=NOT OF MUCH USE
20-08-08, 00:24
NOMU=NOT OF MUCH USE condo.
I would also be keen on having (do i need to say) constructive feedback on Nomu, for this i would encourage anyone to do so on the Nomu thread that s been created under the district 9 folder.
Cheers.

oxboy99
24-08-08, 03:18
Also priced at $2K psf from the paper same as Martin No. 38 and you can move in immediately and close to Plaza Sing and Dhoby Ghout.

But it's 99 year leasehold right? Looks small and cramped from outside. Out of my budget but I can sneak a look and post my findings.

2kpsf 4 designer wrehse
24-08-08, 15:28
no way payng 2kpsf 4 designer warehouse

The urbanite
24-08-08, 21:42
These kinds of properties are not for the masses. Only the discerning will buy. SC global is also only targeting the discrening, well heeled. Closest comparison is not Parc Emily or the likes. Closest comparison is The Lincoln Modern which is less dear than this property, and still from SC global.

I have a unit there for sale, anyone interested call me 98247062. Just 1400 psf.

thinker
25-08-08, 04:01
a discerning developer would never locate a warehouse styled condo in a district with many condos that exude elegance. A gd example of condo n locatn mismatch is the linear at upper bt timah wth nice linear architecture n french windows facing a filthy industrial road and stuck to a row of shophouses n ugly coffeeshop. Martin 38 is the opposite, a style not befittng of locatn. Strikes me as just wanting to be loud with no other aesthetic purpose. Would u still say developer is discerning?
These kinds of properties are not for the masses. Only the discerning will buy. SC global is also only targeting the discrening, well heeled. Closest comparison is not Parc Emily or the likes. Closest comparison is The Lincoln Modern which is less dear than this property, and still from SC global.

I have a unit there for sale, anyone interested call me 98247062. Just 1400 psf.

Kruger
25-08-08, 21:00
I agree with Urbanite. It is quite unique, this warehouse concept. Not everyone will like it though. It is for the rich one that appreciates the style.


Ce n'est pas tant d'ętre riche qui fait le bonheur, c'est de le devenir - Stendhal

Unreg.istered
26-08-08, 00:27
i do not understand it when u say warehouse design is for the rich. I knw some rich people running big businesses in the manufacturing industry who use warehouses to store their goods or exports. Would they want to live in places with resemblence to their warehouses? Rich people generally like to live in places that are soft to the eyes to break away frm the concrete around. Such industrial design seems to suit the young yuppie class more than the CEO or chairman of an MNC.
I agree with Urbanite. It is quite unique, this warehouse concept. Not everyone will like for the rich one that appreciates the style.


Ce n'est pas tant d'ętre riche qui fait le bonheur, c'est de le devenir - Stendhal

Kruger
26-08-08, 09:44
i do not understand it when u say warehouse design is for the rich. I knw some rich people running big businesses in the manufacturing industry who use warehouses to store their goods or exports. Would they want to live in places with resemblence to their warehouses? Rich people generally like to live in places that are soft to the eyes to break away frm the concrete around. Such industrial design seems to suit the young yuppie class more than the CEO or chairman of an MNC.

I meant that you need money as well as a taste for this sort of housing. I don't expect an MNC geek to stay here. Nor would I expect a broke artist.

blackjack21trader
26-08-08, 09:48
I meant that you need money as well as a taste for this sort of housing. I don't expect an MNC geek to stay here. Nor would I expect a broke artist.

Forgive them, these people haven't seen how the discerning modern and fashionable rich lives in New York or London. They aren't aware even that the rich with net assets of US$5million just crossed the million mark.

rich taste or distaste?
26-08-08, 13:32
from what u say, i take it that rich londoners and new yorkers either have a fetish for industrial design or have never in their lives associated with the low class working environmt so they think it is novel. Are these designs meant to bridge the gap between factory class and the rich? Does it want to provoke such a feeling frm smeone walking past: "wow, how did a warehouse or factory become a residential building?" or "how odd, a factory building in a prime residential district?"
Forgive them, these people haven't seen how the discerning modern and fashionable rich lives in New York or London. They aren't aware even that the rich with net assets of US$5million just crossed the million mark.

blackjack21trader
26-08-08, 15:22
from what u say, i take it that rich londoners and new yorkers either have a fetish for industrial design or have never in their lives associated with the low class working environmt so they think it is novel. Are these designs meant to bridge the gap between factory class and the rich? Does it want to provoke such a feeling frm smeone walking past: "wow, how did a warehouse or factory become a residential building?" or "how odd, a factory building in a prime residential district?"

You don't get it, do you? Read this:

======================================================
Comments On a New York loft:

Kate (http://forums.condosingapore.com/) said... Great photo: composition, textures, colours, and very good info. I like the way you framed it. I checked the link, and thank you for letting me view that wonderful loft condo. It would be great to live there, wouldn't it??
Thursday, November 16, 2006 11:17:00 AM (http://forums.condosingapore.com/)http://www.blogger.com/img/icon_delete13.gif (http://forums.condosingapore.com/)Brian (http://forums.condosingapore.com/) said... These large industrial buildings, typical of areas like SOHO or DUMBO, have wonderful spaces ith many of the features we find in prewar high rises - larger spaces, higher ceilings, better sound insulation etc.
Brian
Thursday, November 16, 2006 8:16:00 PM (http://forums.condosingapore.com/)http://www.blogger.com/img/icon_delete13.gif (http://forums.condosingapore.com/)w said... Such massive wall yet looks feather light because of the curves. Love the name of the company...bold, proud and no nonsense. Wonderful photo!
Friday, November 17, 2006 8:34:00 AM (http://forums.condosingapore.com/)http://www.blogger.com/img/icon_delete13.gif (http://forums.condosingapore.com/)Eric (http://forums.condosingapore.com/) said... Love it! Absolutely love it! The colours, the architecture, the font of the text! LOL
Saturday, November 18, 2006 3:13:00 AM (http://forums.condosingapore.com/)http://www.blogger.com/img/icon_delete13.gif (http://forums.condosingapore.com/)Eric (http://forums.condosingapore.com/) said... I just came back to see this photo again and can't believe there aren't more comments on it. I still love it!
Sunday, November 26, 2006 1:25:00 PM (http://forums.condosingapore.com/)http://www.blogger.com/img/icon_delete13.gif (http://forums.condosingapore.com/)=========================================

Unregistere.d
26-08-08, 15:50
these are comments of just 5 people, so? suppose it is just individual taste, but as a singaporean, i just hope the building won't spoil the facade of the area...


You don't get it, do you? Read this:

======================================================
Comments On a New York loft:

Kate (http://forums.condosingapore.com/) said... Great photo: composition, textures, colours, and very good info. I like the way you framed it. I checked the link, and thank you for letting me view that wonderful loft condo. It would be great to live there, wouldn't it??
Thursday, November 16, 2006 11:17:00 AM (http://forums.condosingapore.com/)http://www.blogger.com/img/icon_delete13.gif (http://forums.condosingapore.com/)Brian (http://forums.condosingapore.com/) said... These large industrial buildings, typical of areas like SOHO or DUMBO, have wonderful spaces ith many of the features we find in prewar high rises - larger spaces, higher ceilings, better sound insulation etc.
Brian
Thursday, November 16, 2006 8:16:00 PM (http://forums.condosingapore.com/)http://www.blogger.com/img/icon_delete13.gif (http://forums.condosingapore.com/)w said... Such massive wall yet looks feather light because of the curves. Love the name of the company...bold, proud and no nonsense. Wonderful photo!
Friday, November 17, 2006 8:34:00 AM (http://forums.condosingapore.com/)http://www.blogger.com/img/icon_delete13.gif (http://forums.condosingapore.com/)Eric (http://forums.condosingapore.com/) said... Love it! Absolutely love it! The colours, the architecture, the font of the text! LOL
Saturday, November 18, 2006 3:13:00 AM (http://forums.condosingapore.com/)http://www.blogger.com/img/icon_delete13.gif (http://forums.condosingapore.com/)Eric (http://forums.condosingapore.com/) said... I just came back to see this photo again and can't believe there aren't more comments on it. I still love it!
Sunday, November 26, 2006 1:25:00 PM (http://forums.condosingapore.com/)http://www.blogger.com/img/icon_delete13.gif (http://forums.condosingapore.com/)=========================================

Hanging gardens
26-08-08, 15:56
Industrial design? Why? Don't we have enough concrete and skyscrapers? I think a real novel idea is to incorporate designs of true iconic places like the hanging gardens of babylon or the temple of Zeus in our modern day architecture, not some silly looking warehouse like building. I am aware of the modern industrial design catching up, but very son, people will get sick of it and it would fade away as just another concrete block in the area without any lasting significance.

hanging gardens
26-08-08, 15:59
the avant garde of our times don't last very long. only true and classical works of art prevail and last over time. Why don't any local architect and developer see it?

obiang to the max
26-08-08, 16:35
Industrial design? Why? Don't we have enough concrete and skyscrapers? I think a real novel idea is to incorporate designs of true iconic places like the hanging gardens of babylon or the temple of Zeus in our modern day architecture, not some silly looking warehouse like building. I am aware of the modern industrial design catching up, but very son, people will get sick of it and it would fade away as just another concrete block in the area without any lasting significance.


The Roman and Greek design is soooooooo obiang and passe! It is usually the taste of Indonesia, China and HK towkays. So gross! Marble everywhere, little boy peeing statues everywhere, it matches very well with the thick gold chains, big branded logos and the diamond studded rolex that these no class richies wear. Wah lau! You know very well that these kind of buyers have never been SC Global's target market.

These kind of buyers are more the Wing Tai and Cheung Kong market.

Super obiang ah!

gross lah
26-08-08, 16:41
the avant garde of our times don't last very long. only true and classical works of art prevail and last over time. Why don't any local architect and developer see it?

Bullshit. Last year, the "splendour" interior design was all the rage - you know, the modern floral designs everywhere, on chandeliers, etc - now it just looks super passe. I pity those homeowners who did up their houses like that. It was trendy the past couple of years. Now it is just so dated.

You want to know what stands the test of time? Philip Starck, Patricia Urquiola, and the rest of the Euro designers. Not some bloody "avant garde" floral patterns!

Last week I justwent to a friend's HDB and he had the same modern floral patterns wallpaper, etc. Yuck! Open any local interior design magazine and you see that same shit in every ID'd flat. Please lah. SC Global is better than that.

You want that kind of cheesy Babylonian shit and little boy statues, go buy obiang condos like Aspen Heights, Pebble Bay, instead. EEEE-YER!

Martin area
26-08-08, 16:52
The condos here mostly look like shit.

The only nice one here is Robertson Blue. That is what I call class.

Second maybe Rivergate. After that is Inspira, which is quite a common blah design. Followed by Watermark, which tries to be different but ends up looking like an office building.

The worst one has to be Robertson 100 (looks like Geylang condo), followed by the Quayside, followed by the Pier, which looks like a very strange crossbreed between modern edgy design and classical rounded towers. Dunno why CDL's architect insists on this style, same like Parc Emily.

blackjack21trader
26-08-08, 18:52
Industrial design does not mean it is going to look like a warehouse. To put it according to my own understanding, the industrial elements are tastefully integrated into the design of the apartment which make it look extremely pleasing and artistic. It feel very special to live in such a space as you can have unpartitioned whole floor, or moveable walls, etc... Not a new concept in major cities of the world- the term industrial design has been very hip for the western urban rich many years overseas.

blackjack21trader
26-08-08, 19:34
Some examples of "industrial design" elements:

http://i155.photobucket.com/albums/s297/blackjack21trader/industrial/K101S_152_02.jpg
Kitchen constructed of industrial materials.


http://i155.photobucket.com/albums/s297/blackjack21trader/industrial/industrial_with_traditional.jpg
Industrial wire for the railings of staircase


http://i155.photobucket.com/albums/s297/blackjack21trader/industrial/mainloft20pic.jpg
No walls to partition ! Just open spaces.

http://i155.photobucket.com/albums/s297/blackjack21trader/industrial/mod_loft.jpg
2 levels in one floor


http://i155.photobucket.com/albums/s297/blackjack21trader/industrial/8loft_t220.jpg
Exposed pipes on ceilings.

greek
26-08-08, 23:17
nobody has yet integrated hanging gardens of babylon into any design and egytian n greek designs are timeless. They have been around have been around for thousands of years and still acceptable today. It is passe to make way for other temporary avant design but will soon come back. Even minimalist design has more taste than raw industrial design. What we really need are a few Gaudi architectures in our landscape to really make a difference. Most condos n avant garde designs lack timelessness. Sure u get what i mean..
Bullshit. Last year, the "splendour" interior design was all the rage - you know, the modern floral designs everywhere, on chandeliers, etc - now it just looks super passe. I pity those homeowners who did up their houses like that. It was trendy the past couple of years. Now it is just so dated.

You want to know what stands the test of time? Philip Starck, Patricia Urquiola, and the rest of the Euro designers. Not some bloody "avant garde" floral patterns!

Last week I justwent to a friend's HDB and he had the same modern floral patterns wallpaper, etc. Yuck! Open any local interior design magazine and you see that same shit in every ID'd flat. Please lah. SC Global is better than that.

You want that kind of cheesy Babylonian shit and little boy statues, go buy obiang condos like Aspen Heights, Pebble Bay, instead. EEEE-YER!

art nouveau
26-08-08, 23:21
being a freak of art nouveau and classic design i just can't accept raw design. Avant garde has evolved to an unacceptable state
Some examples of "industrial design" elements:

http://i155.photobucket.com/albums/s297/blackjack21trader/industrial/K101S_152_02.jpg
Kitchen constructed of industrial materials.


http://i155.photobucket.com/albums/s297/blackjack21trader/industrial/industrial_with_traditional.jpg
Industrial wire for the railings of staircase


http://i155.photobucket.com/albums/s297/blackjack21trader/industrial/mainloft20pic.jpg
No walls to partition ! Just open spaces.

http://i155.photobucket.com/albums/s297/blackjack21trader/industrial/mod_loft.jpg
2 levels in one floor


http://i155.photobucket.com/albums/s297/blackjack21trader/industrial/8loft_t220.jpg
Exposed pipes on ceilings.

condoinvestor
08-09-08, 23:23
Just read that 30 units launched was successfully sold by SC Global, very healthy take up,

mr funny
09-09-08, 11:40
http://www.straitstimes.com/Money/Story/STIStory_276671.html

Sep 9, 2008 Tuesday

30 units sold at Martin No. 38

SC Global sells loft-style apartments at higher prices than expected

By Joyce Teo, Property Correspondent


DEVELOPERS will take heart from news that all 30 private preview units at SC Global's New York-style loft apartments in Martin Road have been sold at better-than-expected prices in the past fortnight.

The company had said it was expecting around $2,000 per square foot for the project but sales came in at $1,881 psf to $2,494 psf, or an average of $2,130 psf.

That would make the flats around $2 million to $3.8 million, depending on the size and location in the 15-storey freehold development called Martin No. 38.

The firm announced yesterday that it defied expectations by selling about a third of the 91 units, with about 60 per cent of the buyers coming from overseas.

An investment bank had recently forecast a take-up rate of slightly over half of the preview units.

SC Global chairman and chief executive Simon Cheong told The Straits Times that the prices he achieved were clearly the highest in the area on a psf basis at this time. The prices also buck the trend, with sentiment in the property market still weak, particularly in the high-end sector.

'These are 30 fellows buying in the midst of a storm. They must have seen a lot of value,' said Mr Cheong. 'To sell 30 units without an official launch, that has to do a lot with our branding.'

A market watcher who declined to be named said there has been little change in prices of some other developments in the area, with a few even falling.

Deals in the Robertson Quay area have been done at $1,130 to $1,840 psf this year although some Rivergate units sold for over $2,000 psf last year.

'It's like a salmon swimming against the tide,' said Knight Frank director of research and consultancy Nicholas Mak, of the rarity of projects selling at 30 to 40 per cent above market like Martin No. 38, given today's gloomy sentiment.

A market watcher noted that high pricing works in a bullish market but in the weak market prevailing now, sales are likely to slow after the first 20 or 30 per cent is sold.

The developer says there is no need for an official launch as it has sold out its preview units. It has yet to decide on the launch of the second phase

'In good and bad times, if your product is strong, you can still sell,' said Mr Cheong. 'We could have launched next year but as far as a public company is concerned, we try to phase our launches.

'In good times, a lot of people can claim a lot of wonderful things... This is a time when you 'differentiate yourself'.'

Martin No. 38 will feature high ceilings and seamless interior spaces, like the warehouse lofts in Lower Manhattan.

It has mostly small units of 969 sq ft to 1,130 sq ft with a limited number of larger ones of 1,335 to 1,485 sq ft. There will also be four penthouses with pools.

SC Global bought the site in 1999. It has said that it deferred development partly to wait for the surrounding environment to be ready.

'Although we are a developer, we don't rush,' said Mr Cheong. 'The planning process took two to three years.'

It also has a site in the Ardmore Park area and another leasehold site in Sentosa Cove. Both are in the design stage, said Mr Cheong.

[email protected]

mr funny
09-09-08, 11:47
http://www.todayonline.com/articles/274860.asp

Tuesday, September 9, 2008

Martin No 38? in demand


SC Global Developments has received a strong response to its private views for its latest high-end residential project, Martin No 38.

All 30 units released in the first phase of marketing have been sold at an average price of $2,130 per square foot (psf), above the expected average price of $2,000 psf.

“We are naturally very pleased with the response and how well-received the project has been by the buyers,” said Mr Simon Cheong, SC Global’s chairman. “We have always held the view that there is demand for the right product.”

SC Global had previously planned to debut this project in late September.

“Therefore this take up and response has exceeded our expectations,” said Mr Cheong.

There are a total of 91 units in this freehold development in Martin Road, near Mohammed Sultan Road and Clarke Quay.

Its units comprise mainly one-plus-one bedroom and two-bedroom apartments ranging from 969 to 1,130 square feet.

Unregistered11111
09-09-08, 16:04
$2k psf? lol....http://www.freesmileys.org/smileys/taunt005.gif (http://www.freesmileys.org)


http://www.todayonline.com/articles/274860.asp

Tuesday, September 9, 2008

Martin No 38? in demand


SC Global Developments has received a strong response to its private views for its latest high-end residential project, Martin No 38.

All 30 units released in the first phase of marketing have been sold at an average price of $2,130 per square foot (psf), above the expected average price of $2,000 psf.

“We are naturally very pleased with the response and how well-received the project has been by the buyers,” said Mr Simon Cheong, SC Global’s chairman. “We have always held the view that there is demand for the right product.”

SC Global had previously planned to debut this project in late September.

“Therefore this take up and response has exceeded our expectations,” said Mr Cheong.

There are a total of 91 units in this freehold development in Martin Road, near Mohammed Sultan Road and Clarke Quay.

Its units comprise mainly one-plus-one bedroom and two-bedroom apartments ranging from 969 to 1,130 square feet.

mr funny
12-09-08, 11:35
http://www.businesstimes.com.sg/sub/news/story/0,4574,296625,00.html?

Published September 12, 2008

High-end home market going off the boil

Developers are testing the market to see if their projects will sell

By UMA SHANKARI


MOST developers are still holding off launching luxury condominiums, but a few projects are slowly being put on the market.

Frasers Centrepoint has launched and sold about 30 units at its 302-unit Martin Place Residences, with apartments going for about $1,800 per square foot (psf) on average.

Martin Place Residences is in the River Valley neighbourhood in District 9.

And nearby, SC Global Developments said last week it had released and sold 30 apartments in its Martin No 38, which has 91 units in total.

The average price fetched was $2,130 psf, with sales coming at $1,881-$2,494 psf.

Developers are pushing out luxury condo projects cautiously, with most releasing them in small phases.

Many are also trying to test the market to see if their high-end homes will sell and gauge how much buyers will be willing to pay.

Yesterday, the en-bloc purchasers of Lincoln Lodge said they will be launching the new development on the site - Lincoln Suites - by early next year.

But the developers - Koh Brothers, Heeton Holdings, KSH Holdings and Lian Beng Group, which each have an equal stake in the project - will only release some of the project's 175 units in the first phase.

And current residents of Lincoln Lodge will probably be allowed to stay in their homes well into next year.

'We are not going to launch all the units at one go,' said Francis Koh, chief executive of Koh Brothers. 'The price will be determined by buyers' willingness to buy.'

Prices will be similar to or 'even lower than' comparable projects nearby, Mr Koh said.

Units in the newly-built nearby development, Park Infinia at Wee Nam, are going for $1,300-$1,600, property consultants said.

The consortium bought Lincoln Lodge for $243 million, or $1,449 psf per plot ratio, including an estimated development charge of $413,000, in June last year at the height of the en bloc frenzy.

They then decided to hold off tearing down the existing project, and have instead allowed occupants to keep renting apartments for at least six months from the sale completion date in July this year.

Now, the showflat for Lincoln Suites will be built with Lincoln Lodge still standing.

Depending on the market response, the leases of the tenants could be extended past January next year.

URA
17-10-08, 11:27
Private Residential Units Sold in the Month of September 2008

Project Name . Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
Martin No. 38 ... CCR ........ 4 ............................... 2,419 ............. 2,177 ............ 2,009

Unregˇstered
23-10-08, 15:10
Just read that 30 units launched was successfully sold by SC Global, very healthy take up,
Cool! ......

Knight Frank
24-10-08, 17:00
We warmly invite you to:

OUR OPEN HOUSE

Venue: Spanish Village

Date: This Sunday, 26th Oct.

Time: 2;00pm-5p;m.

Meet at lift lobby of blk 54.

Hope to see you there!

Belle Ng-Associate Manager. H P 8282-6000.
[email protected]

no way
25-10-08, 14:09
paying 2k psf for this crap? no way....


Some examples of "industrial design" elements:

http://i155.photobucket.com/albums/s297/blackjack21trader/industrial/K101S_152_02.jpg
Kitchen constructed of industrial materials.


http://i155.photobucket.com/albums/s297/blackjack21trader/industrial/industrial_with_traditional.jpg
Industrial wire for the railings of staircase


http://i155.photobucket.com/albums/s297/blackjack21trader/industrial/mainloft20pic.jpg
No walls to partition ! Just open spaces.

http://i155.photobucket.com/albums/s297/blackjack21trader/industrial/mod_loft.jpg
2 levels in one floor


http://i155.photobucket.com/albums/s297/blackjack21trader/industrial/8loft_t220.jpg
Exposed pipes on ceilings.

Unregˇstered
25-10-08, 15:51
paying 2k psf for this crap? no way....
Sorry! Sold!

lots of people buy crap
25-10-08, 15:55
lots of people buy crap, so not surprising..


Sorry! Sold!

Regˇstered
25-10-08, 16:45
lots of people buy crap, so not surprising..
... and you are the biggest thrash who cůnt stop cocking craps ...
Not surprising too!

Regˇstered
10-11-08, 10:41
Sorry! Sold!
Go find out where she stay leh.
I wanna stay near her lah.


http://www.straitstimes.com/STI/STIMEDIA/common/mast_home.gif
Gong Li becomes a Singaporean
The Straits Times
Monday, 10 November 2008

http://www.asiaone.com/a1media/news/11Nov08/images/20081110.071736_gongli.jpg

Three months after her no-show at a citizenship ceremony here kicked up a storm, Chinese actress Gong Li showed up at one on Saturday to collect her Singapore identity card. The 43-year-old got her citizenship certificate from MP Lee Bee Wah at a ceremony held at the Teck Ghee Community Club along with 149 other new citizens. She stood, with her right fist on her chest, and recited the pledge.

The actress, who was born in east China's Shandong province, had applied for Singapore citizenship earlier this year and was supposed to collect her pink IC in August. However, she was not in Singapore at the time as she was filming a movie overseas, said her close Singaporean friend and celebrity hairstylist David Gan.

She raised the ire of some Singaporeans over her no-show at the ceremony in August, with some questioning whether she was showing disrespect to her new country. In 1996, she married Singaporean tobacco businessman Ooi Hoe Seong, 57.

oxboy99
20-11-08, 12:11
Any buyers here?

Do you regret buying as we are going to be in recession for the next 2-4 years?

I hope the developer or construction company won't go bust with no more future buyers. They should quickly sell at a low price and cut losses before we go deeper into recession.

For those who bought, keep your fingers crossed that cutting costs won't mean low quality construction nightmare.

Maybe potential buyers should consider investing in a ready built units that never sold out like Visioncrest, etc. Then you can see what you're getting and no waiting to get rental, enjoy living in it now, etc.

nusnam
23-04-09, 12:10
Yes and sell to me.. love the look and feel of the project..

:cheers6:

mr funny
25-11-10, 13:42
http://www.businesstimes.com.sg/sub/companies/story/0,4574,414725,00.html?

Published November 25, 2010

Tenants at Martin No.38 unveiled

By LINETTE LIM


SC Global Developments said yesterday the commercial space at its Martin No. 38 project will open early next year. The luxury developer has billed Martin No. 38 as 'a truly residential enclave, popular for its Bohemian vibe and charming book cafes, art galleries and bistros'. About 60 per cent of apartments in the 91-unit project have been sold so far and current selling prices for the development are in the region of $2,400-$2500 per square foot. The remaining units are not expected to be released until the development's completion.

Three lifestyle brands will occupy the commercial space at Martin No. 38. They are The Mill, a boutique gymnasium run by Fitness Factory and award-winning restaurants Graze and Kha. 'Martin No. 38 attracts a very targeted audience with a hip and active lifestyle,' said SC Global chairman and chief executive Simon Cheong. 'This is the first time that a residential development in Singapore has hand-picked specific brands and services to create a complete living experience.'

Owners of Martin No. 38 stand to receive preferential membership packages at The Mill. In addition, Graze and Kha will provide home catering and food delivery services at preferential rates to residents. Martin No. 38, which is on the site of a former warehouse in the old godown district near the Singapore River, was designed by architect Kerry Hill and inspired by the warehouse lofts of New York. SC Global's shares closed three cents higher at $1.59 yesterday.

wongkeong
31-12-10, 14:24
Anyone can advise if the ex-nan chiou school (located behind martin no.38), open for use by international school (not sure how true, but heard from agent), will the old school building be demolished and build a new school block? The existing school building seems to be too close to martin no.38. Appreciate advise.

carbuncle
20-10-12, 11:20
Simi loft??????? Look so low the ceiling...

http://www.propertyguru.com.sg/listing/11812979/for-rent-martin-no-38

Kanarazu
20-10-12, 11:53
Simi loft??????? Look so low the ceiling...

http://www.propertyguru.com.sg/listing/11812979/for-rent-martin-no-38

Maybe balcony doors are just super tall giving the perception of a low ceiling? I measured the kitchen cabinet height, should be 2.75m.

carbuncle
20-10-12, 12:10
Maybe balcony doors are just super tall giving the perception of a low ceiling? I measured the kitchen cabinet height, should be 2.75m.

You have a unit there!??

Kanarazu
20-10-12, 12:26
You have a unit there!??

Nope...don't have.

lifeline
20-10-12, 14:19
http://www.propertyguru.com.sg/property-management-news/2012/10/34398/martin-no-38-wins-coveted-award


they win award for this! impressive!

DKSG
21-10-12, 01:08
Must go and view this one.

DKSG

minority
21-10-12, 23:44
rental so high..!