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Located at 12 Angullia Park, the new project is less than 200 metres from the Orchard Turn site. Current properties in the same location are going for about S$1,400-1,500psf.
They have not launched the Cuscaden Royale yet... which should be coming up in Dec 06 I think. Hiap Hoe got this land parcel at a steal, and their current projected selling prices are very conservative.
What kind of name is this?? hehe
Anyway, what was sitting on the plot before?
WOW! with more high rollers and wealthy investors coming into singapore, this condo may sell like hot cakes if priced conservatively. knowing Hiap Hoe, they most certainly will.
let's hope so!! :) :) :)Quote:
Originally Posted by Makelele
Does anyone have any idea what it looks like
Hiap Hoe breaks even at $650 psf cos they bought it cheap. Conservative estimate of selling price at $950psf. For this area, this is an unbelieveable price. More likely to sell at $1,600psf which is in line with the other developments in the area.
Definitely will sell for much much lower price than the new Parisian (which I heard will break even at about $2,200psf).
Expect units to be snapped up like hot cakes.
Will be launched late this month or early next. understood 18 units were sold already by invitation....altogether 49 units and asking price is 2Mil and above....averaging 3 mil.
from SGX website
CUSCADEN ROYALE – OVER 70% BOOKED PRIOR TO SOFT LAUNCH
Singapore, 7 February 2007 - Hiap Hoe Limited, a niche market residential property developer will soft launch its latest freehold luxury residential development, the Cuscaden Royale on 8 February 2007 (Thursday).
The Cuscaden Royale is a contemporary architectural edifice that promises one a privileged and exclusive lifestyle.
This development occupies the former Angullia Park site, a private enclave at Singapore’s prestigious district of Orchard Road, and lies in close proximity to Orchard Road MRT, reputable international and top Singapore schools, country clubs, worldclass medical centres, affluent retail shops, fine restaurants, and even the Singapore Botanic Gardens.
Standing at 19-storeys tall, the development comprises 43 luxury two and threebedroom apartments and 3 penthouses; with sizes ranging from 937 sq ft to 1,948 sq ft.
Each unit has been exquisitely designed with superior quality finishes, and seeks to offer an oasis away from the hustle and bustle that comes with city living.
The Cuscaden Royale is also awash with a suite of facilities, such as lap and wading pools and a jacuzzi on the 2nd floor, and a gymnasium, outdoor fitness stations, and a barbeque and teppanyaki area on the 14th floor.
Mr Teo Ho Beng, CEO of Hiap Hoe Limited said, “We are very proud and excited to present the Cuscaden Royale, a freehold luxury residential property. The Cuscaden Royale is specially designed for small families looking for peace and tranquility, and the convenience of a central location that has easy access to all types of facilities.”
With property prices and rental rates in the vicinity expected to continue its appreciation, Hiap Hoe believes that the soft-launch price of between $2,300 and $2,800 psf will prove attractive for buyers looking for a good investment opportunity.In fact, the developer has received bookings for more than 70% even prior to the soft launch. These units were booked at prices up to approximately $2,600 psf.
The Cuscaden Royale is expected to receive its Temporary Occupation Permit in December 2010.
Property
Published February 8, 2007
Hiap Hoe launches Cuscaden Royale
By WEE LI-EN
PROPERTY developer Hiap Hoe will soft-launch its latest freehold luxury residential development, the Cuscaden Royale, today.
More than 70 per cent of the 46 units in the freehold estate, which occupies the former Angullia Park site, have already been booked at prices up to $2,600 psf with options given.
The development comprises one 19-storey block and includes three penthouses, 16 two bedroom and 27 three bedroom apartments. It provides facilities such as lap and wading pools, a jacuzzi, gymnasium, outdoor fitness stations, and a barbeque and teppanyaki area.
The three penthouses have been sold for an average $2,181 per square foot after discounts.
Hiap Hoe, which also is in the construction and civil engineering business, said that the soft-launch price of the units, which range from 938 to 1,948 sq ft, will be between $2,300 and $2,800 psf. Group MD Teo Ho Beng said the units have been taken up by a mix of Singaporeans and foreigners.
On the sand export ban by Indonesia, Mr Teo said it may raise costs by about 1-2 per cent, but is unlikely to cause delays to the development.
The Cuscaden Royale is expected to receive its temporary occupation permit in December 2010.