New Condo @ Kovan Road. Booking starts now. Strictly By Appt (+65-92993342)
Description: 8 Blocks of 17/18-storey condominium development with basement carpark & full condo facilities
Location: 1, 1A, 3, 3A, 5, 5A, 7, 7A Kovan Road
Tenure: 99 years (wef 31 Decemebr 2007)
Total Units: 521
Unit Types:
2 bdrm
3 bdrm
3 bdrm+study
4 bdrm
4 bdrm+study
Penthouses
Price: Avg. S$900psf
Expected Date of TOP: 2 October 2013
Facilities:
5Om Lap Pool
Spa Pool
Fun Pool
Main Pool
Dining Pavilion & Alfresco Dining Area
Fitness Area
Spa Pavilion
Multi-purpose Hard Court
Recreational Tennis Court
Play Ground
BBQ area
Outdoor Cabana
In-pool Refreshment Area
Jogging Track
Clubhouse
Steam Room and Changing Room
Sunken Gym
Spa Pavilion
Contact:
Richard Sng
ERA Singapore
HP: +65-92993342
Email: [email protected]
Skype: richardsng
Home Page: http://www.homes88.net , http://92993342.myweb.sg
My Space: http://richardsng-era.spaces.live.com
Kovan Residences (D19, 99 years Leasehold, Duchess Development)
http://www.businesstimes.com.sg/sub/...86362,00.html?
Published July 4, 2008
CDL opens Livia condo at Pasir Ris for preview
Initial units are priced at $650 psf on average; Kovan Residences launched
By KALPANA RASHIWALA
CITY Developments Ltd (CDL) has begun to preview its much-awaited Livia condo at Pasir Ris at an average price of about $650 psf for the initial batch of units, BT understands.
And next to Kovan MRT Station, the 512-unit Kovan Residences is being soft launched today and the average price is said to be $870 psf. Both projects are 99-year leasehold.
Market watchers reckon that the $650 psf average pricing for the initial phase of Livia's marketing effort is about 10 per cent lower than what the developer could have fetched 12 months ago. 'It might have been priced at $730-750 psf last year,' an industry observer suggested. The 724-unit condo is being developed at Pasir Ris Drive 1 on a plot that is part of the group's historical Pasir Ris landbank acquired decades ago.
CDL is developing Livia jointly with Hong Leong Holdings and Hong Realty. All three companies are part of Singapore's Hong Leong Group. Livia will have a total of 10 blocks, either 15 or 16 storeys high with units ranging from two-bedroom apartments to four bedders. There are also 12 penthouses.
Next to Kovan MRT Station, Centurion Kovan, controlled by UOB-Kay Hian stockbroker pair Han Seng Juan and David Loh Kim Kang, has been testing the waters for its 512-unit Kovan Residences. The average price is believed to be around $870 psf and industry talk is that some 20 cheques were offered to the developer after a well-attended dinner preview for Messrs Han's and Loh's stockbroking community contacts last Saturday. It is not known if options have been issued.
'Perhaps some of the potential buyers may have found the developer's proposed price a little challenging and made their counter offers with cheques,' a market watcher suggested.
Kovan Residences' soft launch begins today, BT understands. Officials from Centurion Kovan, part of the Duchess Development group, have not been returning BT's calls over the past few days.
Meanwhile, the project that started the current home buying wave, Ho Bee's 99-year leasehold Dakota Residences, is said to have sold 150 units since sales began a fortnight ago.
Kovan Residences preview sells 50
http://www.businesstimes.com.sg/sub/...86501,00.html?
Published July 5, 2008
Kovan Residences preview sells 50
Average price is $870-900 psf; buyers mostly Singaporeans
MORE than 50 units have been sold at Kovan Residences since a private preview party last Saturday.
http://www.businesstimes.com.sg/mnt/...S_KRKOVAN5.jpg
Poolside ambience: Kovan Residences will have 512 apartments in eight blocks, all 18 storeys high
The average price at the 99-year leasehold condominium next to Kovan MRT Station is between $870 per square foot (psf) and $900 psf. And the units sold so far include three penthouses that fetched about $2 million to $3 million each.
Buyers up to now are mainly Singaporeans, most of whom have private home addresses, although a few HDB upgraders have also bought.
'We have attracted buyers who are purchasing for their own occupation as well as for investment because of the convenient location next to an MRT station,' said Centurion Properties CEO Tony Bin, whose company is the majority shareholder of the project's developer Centurion Kovan. Lian Beng is another shareholder, with a 19 per cent stake.
Centurion Properties is ultimately controlled by UOB-Kay Hian stockbrokers Han Seng Juan and David Loh Kim Kang.
Last Saturday, they invited 150 business associates, friends and relatives to a private preview at the showflat, which eventually resulted in the 50-plus units being sold. Kovan Residences is also being marketed to Messrs Han and Loh's business associates in China and Hong Kong.
The lowest-priced unit in the development is a two-bedroom apartment for just over $700,000. The most expensive is a penthouse below $4 million. Three-bedroom apartments start from $1 million.
Kovan Residences will have 512 apartments in eight blocks, all 18 storeys high. The 16 penthouses in the development range from around 2,400-4,600 square feet and come with a private pool or a Jacuzzi. The project is being developed on a 190,000 sq ft site bought in a state tender in October last year for $436 psf per plot ratio.
Another new project being offered this weekend is Livia at Pasir Ris Drive 1. The average price is said to be $650 psf.