Freehold~~
50 units only!!
Coming your way Soon~
Sms at 90686016 for more details!!
Printable View
Freehold~~
50 units only!!
Coming your way Soon~
Sms at 90686016 for more details!!
Saw the showflat, its quite nice. SF located on cairnhill rise. The shape of the building looks like a "Y' top down. design of it very retro...
Got 1 big 3ty unit located on gnd flr w/ personal pool and roof terrace.. :o
Freehold / Site Area: 3852 m2 / GPA: 2.80 / Total No. of Units: 50 only (2088 - 2888 m2)
*** Good View @ 2nd-3rd floor ***
Type No. of Units Unit Description
Type A 16 units 4 Bedrooms
Type B 16 units 3 Bedrooms
Type C 16 units 3 Bedrooms
Type D 1 unit 4 Bedrooms (Penthouse)
Type E 1 unit 5 Bedrooms (Townhouse)
For a Exclusive presentation,
Sms at 90686016 for an appointment
Thanks
this project is definitely for rich...HDB upgraders would take 2 lifetimes to pay for the smallest unit...
Why 2 lifetimes? Don't understand what's your point here.Quote:
Originally Posted by Regulators
There's always something more to discover about Alba.
Designed by the award-winning Arquitectonica, Alba is a luxury 50-unit freehold condominium that is poised to become the new icon of the city. Alba's unique architectural approach combines innovative design with modern concepts of luxury and space usage. Its distinctive 3-unit per floor Y-shaped layout plan provides units with greater living space and exclusivity.
Strategically set on Cairnhill Rise in prime District 9, Alba offers the most enviable of addresses. Just a 5-minute stroll away from Alba, Orchard Road offers everything that is needed for the most refined of lifestyles.
FACILITIES
• Water Features and Landscaped Gardens
• Recreation Pools
• Lifestyle Pavilions
• BBQ Pavilions
• Lounge Deck
• Gymnasium
• Sculptural Playground
AMENITIES
• Near Newton MRT
• Near Somerset MRT
• Close to Orchard MRT
• Located near ACS Junior (Newton)
• Close to Chatsworth International School
• Located near National Junior College
Sms at 90686016 for appt today!
http://i213.photobucket.com/albums/c...arkk/alba1.jpg
Who is the developer? was it en bloc of an older project? what is the pricing levels?
Hi,Quote:
Originally Posted by fairlady04
Developer is FEO
It is not enblock, It has been a vacant land
PSF from 2.2k
If interested, do sms me at 90686016
Thanks
http://www.businesstimes.com.sg/sub/...51777,00.html?
Published September 25, 2009
Hundred Trees condo priced at $895 psf
By KALPANA RASHIWALA
CITY Developments Ltd (CDL) is said to have begun selling the first phase of the 956-year leasehold Hundred Trees condo in the West Coast area at an average price of $895 per square foot.
http://www.businesstimes.com.sg/mnt/...MPAT25-Y70.jpg
In full bloom: The development takes its name from some 100 pink mempat trees that will line the project's walkways
Buyers can opt for an interest absorption scheme (IAS) - but they'll have to pay 2.5 per cent more.
About 150 of the project's total 396 units are believed to have been released under the first phase.
Sales to former owners of the Hong Leong Garden Condominium - from whom CDL bought the site through a collective sale in 2007 - began yesterday. CDL staff as well as special guests were also invited to purchase units at Hundred Trees yesterday.
The preview for other buyers who had pre-registered interest in the development begins today.
BT understands that one and two-bedroom apartments, and two bedroom-plus-study units make up around 40 per cent of total units in the 12-storey condo.
Prices of one-bedders, which are about 485 square feet, begin from over $500,000. Two bedders range from 690 to 786 sq ft while two-plus-study units are between 915 and 1,227 sq ft.
'With a relatively large proportion of smaller units, the absolute price quantum per unit has been kept relatively affordable,' a market watcher said.
Hundred Trees' average price is below earlier expectations in some quarters of about $930-$980 psf.
However, it is higher than the recent transactions in the West Coast area, noted analysts. Over the past few months, units at Botannia and Carabelle (both completed this year) have sold at a median price of about $800 psf while units at The Parc Condo, which is still under construction, have changed hands at a median price of about $850 psf, according to caveat data.
Analysts' estimates of CDL's pre-tax earnings from Hundred Trees vary widely, from about $75 million to $135 million, depending on the efficiency ratio (ratio of the project's total saleable area to gross floor area) and construction cost assumptions.
CDL paid $131.5 million for the 266,076 sq ft Hong Leong Garden Condominium plot. This worked out to about $363 psf of potential gross floor area inclusive of development charge, which was reported at about $23 million at the time.
The site is zoned for residential use with a 1.6 plot ratio. Some analysts have suggested that CDL's breakeven cost could be below $700 psf.
Hundred Trees takes its name from some 100 pink mempat trees, dubbed the local version of Japan's sakura or cherry blossoms, that will line the project's walkways. The location is popular with the Japanese community; there are Japanese schools nearby and Japanese restaurants in the Hong Leong Garden Shopping Centre next to the Hundred Trees site.
Although IAS was scrapped on Sept 14, a developer can still offer the scheme for a project if the developer and its partner bank have entered into an agreement before that date to offer IAS for the project and the developer has already offered units in the development for sale under IAS before the same date.
Other projects expected to be previewed in the coming weeks include Far East Organization's Alba, a 50-unit project at Cairnhill Rise that will have a 'white plan' similar to the group's Boulevard Vue project at Cuscaden Road where apartment layouts can be customised to individual buyers' preferences.
Far East is also expected to preview soon its 278-unit freehold Cyan condo at Keng Chin Road in Bukit Timah.
Starlight Suites at River Valley Close and Ho Bee's Trilight at Newton Road are also expected to be released soon.
Heard now price is $2500psf and above?Quote:
Originally Posted by Sea
Not much view I would expect since the istana side will be completely blocked.
http://www.businesstimes.com.sg/mnt/...head_small.gif
Far East sells 12 units at Alba in Cairnhill at average $2,300 psf
Ho Bee prices Trilight at $1,650 psf
Kalpana Rashiwala
The Business Times
Wednesday, 7 October 2009
Ho Bee Investment will preview its Trilight condo at Newton Road this week at an average price of about $1,650 per sq ft, the group's chairman and CEO Chua Thian Poh told BT yesterday.
Ho Bee will not offer an interest absorption scheme (IAS) for the 30-storey freehold condominium project, located on the highest point in the Newton area.
The $1,650 psf average price will be for an initial batch of 60 units. The condo will have a total 205 units, up from 152 planned initially. The increase results from Ho Bee's decision to introduce two-bedroom units and reduce the number of four-bedders. Previously Trilight had only three- and four-bedroom apartments.
The latest scheme comprises 104 two-bedroom units ranging from 1,109 to 1,227 sq ft; 74 three-bedders in two sizes (2,099 and 2,110 sq ft) and 24 four-bedroom apartments of 2,336 sq ft. Trilight will have three penthouses - two units of 5,200 sq ft and one of 5,800 sq ft.
The typical two-bedder will cost under $2 million.
CB Richard Ellis and DTZ will market the project.
Market watchers say the $1,650 psf average price is within the range of recent transactions in the area. In nearby Bukit Timah Road, units at Ferrell Residences sold for between $1,556 psf and $1,931 psf in July-August.
And Madison Residences nearby sold at $1,567-1,745 psf in August, according to Urban Redevelopment Authority information on developer sales.
The high-end housing market is stirring again after Hungry Ghost Month. Far East Organization has sold a dozen units over the past couple of weeks at its [b]Alba project in Cairnhill Rise. The unit sizes are 1,862, 2,066 and 2,250 sqft.
They are among a clutch of 18 units Far East released on the second to seventh levels of the 18-storey freehold condo, which has a total of 50 units. The average price achieved for the 12 units sold is $2,300 psf, with the highest price being $2,500 psf.
Under the freehold project's 'white plan', Far East can customise apartment layouts to suit buyers' preferences.
http://graphics8.nytimes.com/images/...ytimesLogo.gif
Slowly, Foreign Buyers Drift Back Into Singapore
Sonia Kolesinkov-Jessop
The New York Times
Singapore
Thursday, 5 November 2009
After 5 consecutive quarters of decline in Singapore’s property market, the luxury segment is starting to improve, partly helped by the slow reappearance of foreign buyers.
According to statistics from the island-state’s Urban Redevelopment Authority, the overall residential property market has seen its shortest downturn in the past 18 years, with only four quarters of price declines before the official private home price index posted a spectacular 15.8% quarter-on-quarter jump in the third quarter this year.
Singapore’s government, startled by the sharp uptick, worried that a property bubble was forming and, in September, they discontinued a system that allowed buyers to defer the bulk of payment on apartments until the properties were complete. It also announced that next year it would resume land sales for development.
The sales rebound primarily has been driven by mass-market and mid-tier properties, but a few recent transactions indicate the high-end luxury sector also has started to pick up.
“With the financial crisis, developers saw potential with affordability and launched more projects at that level, with smaller-size flats to keep prices low. As a result, the mass market has really been driving this market recovery in the last few quarters,” said Chua Yang Liang, head of research for Southeast Asia at the Jones Lang LaSalle real estate agency.
“It’s only just recently with the improvements in regional economies that we’re seeing more developers releasing projects for the high end of the market.”
According to an analysis by CB Richard Ellis real estate, the number of apartments priced at more than S$4 million, or US$2.86 million, that changed hands totaled 210 in the third quarter of 2009, 87 in the second quarter and just 15 in the first quarter.
This compares with 280 in all of 2008 and 1,740 in 2007, at the peak of the market. A sales price record was achieved recently by SC Global Developments, which sold 6 homes at its 41-unit Seven Palms Sentosa Cove project for an average price of S$11 million, ranging from S$3,100 to S$3,400 psf for the 3- or 4-bedroom units.
Previously, the highest median price for a condominium on Sentosa was S$2,734 psf in late 2007.
The upscale Seven Palms project, the only beachfront residence of its kind in Singapore, is being built on Sentosa island, where a resort casino and Universal Studios theme park is scheduled to open early next year. The Seven Palms residences are being sold with 99-year leaseholds on the land, and are expected to be completed in December 2013.
Singaporeans are said to have bought 2 of the units, with the other 4 going to foreigners who are permanent residents of the city-state.
The Alba, another new upmarket development but in the more suburban central district, has sold 12 of the 18 available units, with prices averaging S$2,100 to S$2,500 psf for freehold units of 1,852 to 2,250 sqft, or 172 to 209 sqm.
Luxury projects delayed in the wake of the global downturn include the Marina Bay Suites, near the Marina Bay Sands, the other casino resort due to open next year and the 228-unit Quayside Isle Collection, also on Sentosa.
“Currently, we are seeing an increasing number of enquiries and interest in the luxury market as compared to three months ago,” said Tan Bee Kim, director of Wheelock Properties Singapore. The group is planning early next year to introduce Orchard View, a project in which each of the 30 4-bedroom condominiums will occupy an entire floor. Ms. Tan said the company has been receiving enquiries from locals and foreigners alike about the development.
Ong Choon Fah, executive director of the property consultant DTZ Debenham Tie Leung, believes developers are not yet in a hurry to release new high-end condominiums — but she expects that will change next year when the two casinos under construction, referred to locally as IR, or Integrated Resorts, will open. “This should help boost property prices, especially in the high end,” said Ms. Ong, estimating that luxury prices could rise as much as 10%.
$2,531 psf is good but I wonder how many are foreign buyers.Quote:
Originally Posted by URA
Too bad! $2,450 psf can't beat October's $2,531 psf.Quote:
Originally Posted by URA