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Am invited to a pre-pre-preview of this development by Chip Eng Seng at Balmoral Road.
Units: 35
Height: 12 storeys
3 bedroom: 1,313 sf
4 bedroom: 2,433 sf
Penthouse: 3,886 sf
Price: S$1,300 psf at pre-pre-preview price.
At this price considered cheap for Balmoral Road. $1,300 psf is Buckley Road prices (just across Bukit Timah and Dunearn Road). Balmoral area is worth at least $1,400 -$1,500 psf at present new condo value.
Hmmm interesting. Where is it exactly? Balmoral is quite a long road...
Hi IE2.0,Quote:
Originally Posted by Intrepid Explorer 2.0
Ventuno is just beside Belmond Green. Last transacted price of Belmond Green is $1,400psf - $1,500psf! So Ventuno Balmoral can be considered a bargain.. at least for now anyway.
CHIP ENG SENG CORPORATION LTD
Co. Reg. No. 199805196H
__________________________________________________ _______________
SALE OF UNIT IN PROPERTY PROJECT KNOWN AS VENTUNO BALMORAL
__________________________________________________ ______________
the Board of Directors of Chip Eng Seng Corporation Ltd (the “Company”) wishes to announce that its wholly-owned subsidiary, CES-Balmoral Pte. Ltd., has entered into aSale and Purchase Agreement with interested person/relative of directors, chief executive nofficer or substantial shareholders of the Company, in respect of the sale of one (1) unit in the property project known as Ventuno Balmoral, the details of which are as follows:
Name of Purchaser Unit No. Sale Price Discount
Chia Lee Meng Raymond #06-02 S$1,563,783 Nil
The abovenamed purchaser enjoyed no more favourable purchase terms than were available to third party buyers at the time of the transaction.
The Audit Committee is satisfied that the number and terms of the above sale are fair and reasonable; and the Audit Committee and Board are satisfied that the terms of the sale are not prejudicial to the interests of the Company and its minority shareholders.
Submitted by Mr Lim Tiang Chuan, Managing Director on 10 November 2006 to the SGX.
Already 50% sold, CES has decided to sell the remaining units at the average selling price of $1,250 psf instead of raising it to $1,350 psf.
That's very nice of them :cool:Quote:
Originally Posted by Unregistered
UPDATES ON DEVELOPMENT PROJECTS
Ventuno Balmoral sold out.
Project Name:
VENTUNO BALMORAL
Address:
21 BALMORAL ROAD
Developer:
CES-BALMORAL PTE LTD
District: 10
Year Completed: 2009
Tenure: FREEHOLD
Total Units: 35
Err .... what's up doc?