Printable View
273 units, 405 carpark lots
Average $900 to $950psf
TOP: Dec 2009
Full condo facilities.
Mostly big units of 4 bedrooms. The 3 bedroom is huge at 1,800 square feet.
http://img257.imageshack.us/img257/1424/thomsonkh0.jpg
http://img257.imageshack.us/img257/2769/thomson2bn8.jpg
The land area looks much bigger than Park Infinia, and it has much fewer units too. It will look like 2 thin bent blades, cutting thru the sky on Thomson Road, which is a low rise, bungalow area with lots of greenery. Shades of Hillcrest Arcadia, which are big old exclusive apartments which have retained huge popularity until now, mainly with expats.
from the orientation looks like it will face caldecott hill and macritchie. nice facing.
WOW how did u get all those?:eek:
Top Print Edition Stories
Published January 19, 2007
SPH to launch Sky@eleven condo next month
Thomson project expected to be offered at $900 to $1,200 psf: sources
By UMA SHANKARI
(SINGAPORE) The Sky@eleven freehold Thomson condominium is to be launched by Singapore Press Holdings (SPH) early next month, it was announced yesterday.
http://img256.imageshack.us/img256/4554/sky11ab3.jpg
Sky@eleven: The bulk of the units in the four-tower 43-storey development will be four-bedroom units ranging from 2,271 sq ft to 2,820 sq ft
Sources said that apartments in the 273-unit project in District 11 are set to be offered at $900 to $1,200 per square foot (psf).
The bulk of the units in the four-tower 43-storey development will be four-bedroom units ranging in size from 2,271 sq ft to 2,820 sq ft, although one entire tower will consist of 3+1 bedroom units of 1,851 sq ft each. Sky@eleven will also have eight penthouses, ranging from 3,800 sq ft to 5,600 sq ft.
Property firm Knight Frank, which is marketing the project, said that the penthouse units are likely to fetch higher psf prices than the rest of the apartments. Interest for the penthouses has been especially strong, the estate agency said.
SPH said that units in the development could be launched in phases.
Michael Chin, SPH's executive vice-president for Corporate Development & Times Properties, said about 20 to 25 per cent of buyers are expected to be foreigners. SPH plans to market the project in Hong Kong and Jakarta at around the same time it will be launched in Singapore, he said. Showflats are expected to be ready by the end of this month.
Mr Chin said that total construction cost for Sky@eleven would come to over $100 million. The site is worth some $200 million.
Work on the development is already under way, and SPH will call for a tender to appoint the main contractor next week. The main construction contract will be awarded next month, and major construction work is expected to start in April, Mr Chin said. The whole project will be completed by the end of 2009, he added.
SPH declined to say what the launch price would be, but the group said that the units will be 'attractively and competitively priced'.
Sum Soon Lim, SPH director and chairman of the Times Development subsidiary, said: 'SPH's condo offers great value given its prime location in District 11, spacious units, grand views and excellent design and top-notch finishes.'
The project comes with two sky terraces, complete with gymnasiums and landscaped gardens. Other facilities include a 50-metre lap pool, a leisure pool with a jacuzzi, a fun pool and playground for children, and a designer-style clubhouse.
Jan 19, 2007
SPH's luxury condo in Thomson to be launched next month
By Joyce Teo, Property Correspondent
http://img256.imageshack.us/img256/2...skyk0qtre5.jpg
PREPARING FOR LAUNCH: Unveiling SPH's 273-unit luxury condominium project at Thomson Road are (from left) chief executive officer Alan Chan, deputy chairman Cham Tao Soon and chairman Tony Tan. The 43-storey freehold development will be the tallest building in the Thomson area and is expected to set landmark pricing in the vicinity. Key features of the project include unobstructed views of the CBD, an abundance of carpark lots, relatively large units and two sky terraces. -- DESMOND WEE
SINGAPORE Press Holdings (SPH), better known for its newspapers and magazines, will soft launch a 273-unit luxury condominium, Sky@eleven, at Thomson Road, next month.
The 43-storey freehold development is a seven-minute walk to the Toa Payoh MRT station and offers views of MacRitchie Reservoir, the Singapore Polo Club and even the Central Business District (CBD).
Market sources say it is likely to fetch $1,000 to $1,300 per sq ft (psf) or more. It will be priced 'very competitively' and 'attractively'', said Mr Michael Chin, executive vice-president of SPH's corporate development division and Times Properties, yesterday. He said many potential buyers had expressed interest. About 20 to 25 per cent of buyers could be foreigners and the rest locals.
SPH chairman Tony Tan said: 'We expect Sky@eleven to be well-received by both local and foreign buyers in the light of the growing demand for high-end luxury properties.'
Mr Peter Ow, executive director of Knight Frank, which is marketing the project, said its pricing will be similar to pricing in the Novena and Newton areas. Condominiums in the Novena area are fetching $1,000 to $1,200 psf, while those in Newton are going for $1,200 to $1,500 psf, he said.
Sky@eleven, which will be the tallest building in the Thomson area, will set 'landmark pricing' in the area, he added. The project is distinguished by its large units. It will have 265 units of four-bedroom apartments ranging from 1,851 sq ft to 2,820 sq ft.
Only certain people can afford these large units as their prices will start at nearly $2 million, said Knight Frank's Mr Nicholas Mak.
There will be eight duplex penthouses ranging from 3,800 sq ft to 5,800 sq ft, to be priced higher than the regular units. Mr Chin said there is very strong demand for the penthouses which offer unobstructed views of the CBD.
Another key feature is the abundant parking space - 404 carpark lots for the 273 units. Construction costs for Sky@eleven are estimated at over $100 million.
The project is being developed by Times Development. While this is a one-off project by SPH, the group remains open to other development opportunities, said SPH's director and chairman of Times Development, Mr Sum Soon Lim.
Not worth it to buy. Property prices might very likely drop in 2010. You won't want to wait until TOP and then ask yourself "why the **** did i pay $1,200psf for THIS??" Thomson 800 which is further up the road offers a more reasonable deal at much lower prices.
Quote:
Originally Posted by Unregistered
Allow me my $0.02 :)
I, too, believe that property prices will drop someday. However, whether they will drop to the affordable levels of 2002 - 2005 is not clear. My advice is, if you have to buy now, try to get something that has as little downside as possible. So you have to ask yourself: if i buy this apartment at $xxxxpsf now, how low can it possibly go to?
Quote:
Originally Posted by Unregistered
Yes you are right. For average, let's presume, of 1050psf for sky@11, it is a tad expensive imo even though location is not bad at all. I'd rather consider trellis towers if one don't mind some noise from PIE! Say wat one likes but this will be another quick sold-out project in this 'irrationally exuberant' market. Land size is similar to Park Infinia but total unit number are much less than PI due to very big unit size for sky starting at 1800+ sf!
But for Sky@eleven, there is a great view that can almost guaranteed to last forever! The Caldecott Hill bungalow area and the Police Academy will definitely be kept low rise. Why? Near MacRitchie thus security concerns.Quote:
Originally Posted by teeceelee
Another plus for Sky@eleven is that it is freehold, AND it is a landmark tower in the area. Why landmark? Because everything else here is low rise. The nearest, which is the Albany is only 10 or so storeys high.
This is nearer to Toa Payoh than "prime district 11". Many developers now are making use of the "prime district" words to mislead buyers.
For example, those condos in Mount Sinai and Ulu Pandan are marketed as "prime district 10", when they are nearer to Ghim Moh and Clementi. Mount Emily is marketed as being "prime district 9" when it is nearer to Little India. And now, this. Technically, this is true but when choosing location location location you also must stop and think for a while. As a buyer, you have to look carefully and not be mislead. Don't just buy the postal district, buy the location.
Jan 29, 2007, 9.30 pm (Singapore time)
SPH condo units sold out within 30 hours
http://img441.imageshack.us/img441/2...t31b065ka2.jpg
Sky@eleven drew lots of interest from home hunters on Monday at the showsuites at Thomson Road. -- Ho Peng Yew
All the 273 units of Sky@eleven condominium, the freehold luxury development by Singapore Press Holdings Ltd (SPH), were sold out even before the public launch which was scheduled for this weekend.
A SPH press release on Monday said, 'All the condominium's top-end four-room apartments and penthouses were snapped up within 30 hours after the soft launch on the evening of Sunday, Jan 28.'
SPH said, 'The overwhelming response to Sky@eleven is not unexpected what with the current bullish property sector, particularly the popular demand for luxury homes in prestigious districts.'
Located at Thomson Lane, off Thomson Road, the 43-storey high Sky@eleven is the tallest development in the area. When completed by the end 2009, it will offer spacious units and great views of the reservoirs and the city skyline. Residents will also enjoy top quality finishes and fittings, luxurious condominium facilities and lush landscaping.
Dr Tony Tan, SPH Chairman, says: 'We are extremely happy with the overwhelming response and at the same time very grateful to the buyers for their support for our exclusive development.'
The condominium is developed by Times Development Pte Ltd, a wholly-owned subsidiary of SPH.
Jan 30, 2007
SPH's Thomson condo sells out in just 30 hours
All Sky@eleven's 273 units taken up at an average price of $975 psf
By Joyce Teo, Property Correspondent
http://img184.imageshack.us/img184/2...t1b393del2.jpg
STRONG SHOWING: SPH is extremely happy with the response, says Dr Tan (centre), seen here at the ribbon-cutting ceremony on Sunday with SPH chief executive Alan Chan (left) and Mr Sum. -- JOYCE FANG
ALL 273 units of Singapore Press Holdings' (SPH) high-end condominium at Thomson Road have been sold, barely 30 hours after they were released at a special preview on Sunday evening.
The public launch, due to be held this weekend, has been cancelled.
'Out of every two who walked into the show-flat, one bought,' said Mr Peter Ow, executive director of marketing agent Knight Frank.
'We sold out in a much shorter time than Marina Bay Residences and One Shenton, which are in hotter areas. We also managed to achieve benchmark prices of $1,200 psf for the Thomson area.'
Condominiums in the area sell for about $850 per sq ft.
'If a development of such quality were in the Newton area, it is likely to fetch at least $1,800 psf,' said Knight Frank research and consultancy director Nicholas Mak.
Mr Ow said buyers were bowled over by the spacious layout and view. 'Every apartment offers views of MacRitchie Reservoir and the city.
'The demand is so strong that we have to apologise to our other guests. We had invited 300 guests for the preview which would have lasted until Wednesday. But we will still keep the show-flat open for a few days for those who are interested to view it,' he added.
The freehold Sky@eleven, launched in the midst of a hot property market, achieved an average price of $975 psf, with the highest price recorded at $1,200 psf, said SPH in a statement last night.
The group said buyers were attracted to the pricing and the unit size, with most ranging from 1,851 sq ft to 2,820 sq ft.
Sky@eleven has eight duplex penthouses - from 3,757 sq ft to nearly 5,600 sq ft - which went for up to $5.8 million each.
'The condo is like the luxurious Ardmore Park condo of Thomson Road,' said Mr Mak. The robust demand was also partly due to the strong sentiment in the property market, he said.
'Some of the demand came from those who have recently sold properties in a collective sale,' he said. 'It's one of the few brand-new condos that offer large units with luxurious fittings.'
Located off Thomson Road, the 43-storey high Sky@eleven is the tallest project in the area and is due for completion by late 2009.
'The attraction is the spacious and double frontage layouts providing cross ventilation. It's also an exclusive location as there are few condos nearby,' said a buyer who snapped up his high-floor unit at an early bird price of $985 psf yesterday morning.
While some SPH staff did buy, the number of deals was 'insignificant' when compared with the number of buyers from the public, the group said. There were also no discounts offered to SPH staff and board members.
SPH chairman Tony Tan said: 'We are extremely happy with the overwhelming response and at the same time very grateful to the buyers for their support for our exclusive development.'
The condominium is developed by Times Development, a wholly owned unit of SPH.
Mr Sum Soon Lim, chairman of Times Development, said: 'Sky@eleven truly offers value for money given the luxury lifestyle concepts it offers. It can surely claim to be one of the most beautiful, prestigious and iconic residential properties in District 11.'
[email protected]
Singapore Companies
Published February 28, 2007
Interested parties buy 10 Sky@eleven units
By UMA SHANKARI
MEDIA group Singapore Press Holdings (SPH) said yesterday that directors and related parties have bought 10 apartments at its Sky@eleven condominium for a total of $24.9 million.
The company said in a filing to the Singapore Exchange that its board has approved the proposed sale of the 10 units to 'interested parties' related to four directors - chairman Tony Tan, Lee Ek Tieng, Sum Soon Lim and Willie Cheng Jue Hiang. No discounts were given, SPH said.
Dr Tan's son and daughter-in-law bought a unit for $1.9 million. And Bee Kiang Pte Ltd, a company in which Dr Tan and his immediate family have an interest of at least 30 per cent, bought one unit for $3.1 million and another for $2.8 million.
Mr Lee and members of his family bought four units worth a total of $10.4 million, at individual prices ranging from $2.2 million to $3 million. An apartment bought by Mr Lee and his wife cost $3 million.
Mr Sum and his family bought two units worth $4.5 million. An apartment bought by Mr Sum and his wife cost $2.2 million.
Mr Cheng and his wife bought a unit for $2.3 million.
SPH soft-launched the 273-unit freehold Sky@eleven condo on Jan 28. It said later that all units in the four-tower luxury project at Thomson were snapped up within 30 hours. The average selling price was $975 per square foot and the highest recorded price $1,200 psf.
Published March 10, 2007
All but 1 Sky@eleven options exercised
By UMA SHANKARI
ALL options except one to buy units at 273-unit Sky@eleven have been exercised, the Thomson condominium's developer, Singapore Press Holdings (SPH), said yesterday.
http://img218.imageshack.us/img218/7...73181f3lj8.jpg
At its launch in January, all the 273 units of Sky@eleven were snapped up within 30 hours at an average price of $975 psf.
When the condo was launched in January, all 273 units were snapped up within 30 hours at an average price of $975 per square foot (psf), although some buyers sought an immediate resale at a higher price.
The pattern was notably different to that with the high-profile launch of Shenton Way condo One Shenton, where most apartments in the 341-unit project were sold in 30 hours at prices of between $1,500 and $2,200 psf.
This was then followed by dozens of newspaper ads offering units for resale, although agents said there were few takers.
In the end, more than 30 options - or about 10 per cent of the units sold - were not exercised when the deadline passed. Market watchers said this amounted to about 10 times the average proportion of lapsed options in a typical residential development.
At Sky@eleven, on the other hand, options for all units except one four-bedroom apartment were exercised, SPH said. The one unclaimed unit will now be resold, with SPH still deciding on the price.
In another sign of strong interest in new projects, about 85 per cent of the 405-unit One North Residences has been snapped up since the project started selling on Tuesday. The development, which is a joint venture between the UOL Group and privately held Kheng Leong, is the first condo to be launched at the $15 billion, 200ha research hub one-north.
Units were sold at an average price of $880-$890 psf, with the price in one case hitting $1,100 psf. Most of the buyers are Singaporeans.
Of the 60 units left, most are one-bedroom units, which will now sell for about $870 psf.
Published March 13, 2007
SPH sells last remaining Sky@eleven unit
SINGAPORE Press Holdings (SPH) has sold the last remaining unit at its freehold Thomson condominium Sky@eleven at 'above the average price', the media giant said yesterday.
When the condo was launched in January, all 273 units were snapped up within 30 hours at an average price of $975 per square foot (psf). Subsequently, all but one option to purchase units in the project were exercised, SPH said.
The one 'unclaimed' unit was sold last week at above the average price, SPH said. The company did not reveal the exact price at which the apartment, a 2,700 sq ft four-bedder, was sold. But units at Sky@eleven have been fetching upwards of $1,000 psf on the resale market. During the launch, the highest price recorded was $1,200 psf.
Based on the average transacted price of $975 psf, total revenue from the project is estimated to exceed $650 million. SPH said after the project was sold out that the financial impact could not be ascertained then as it is dependent upon a number of factors including total construction costs.
Located at Thomson Lane off Thomson Road, the 43-storey high Sky@eleven is the tallest development in the area. When completed at end-2009, the project promises great views of the reservoirs and the city skyline. Residents will also enjoy top quality finishes and fittings, luxurious condominium facilities and lush landscaping, SPH said when launching the project.
SPH shares closed 8 cents up at $4.42 yesterday. The company's stock price has climbed 3.3 per cent since the start of the year.
Portrait of a landscaper...
By Tay Suan Chiang - Jan 27, 2007
The Straits Times
LOCATION, price and unit size are the mantra of the condo-buyer, right? Well there is a little-known element that plays a big part in a purchasing decision too. Think of it as planting the seed of desire in a buyer's eye - landscaping.
Landscaping, involving the layout of a condo's surrounds, and incorporating plants, flowers, trees and even sculpture, is playing an increasingly important role in private residential developments, say landscape architects.
It's a trend given the green thumbs-up by big names such as award-winning Henry Steed, responsible for the landscaping of the landmark Four Seasons Park condo off Orchard Boulevard, and who is the landscape architect behind new project Sky@eleven being developed by Singapore Press Holdings (SPH).
For this project, the British-born Mr Steed has dreamed up the idea of a semi-jungle 'underneath' the residential units, which start from the fifth storey.
The 59-year-old, who has worked in Singapore for 24 years, made headlines last month with his Philosopher's Seat creation at the inaugural Singapore Garden Festival. It won him a gold medal and award for best landscape garden. His design consisted of a tropical garden set at the edge of a marshland and hidden amid the ruins of an abandoned jetty.
Landscaping isn't just important as the finishing touch to a project, points out Mr Steed, a director at well-known ICN Design International, which has done the landscaping for condo Cairnhill Crest and the one-north science hub in Buona Vista.
Even in the marketing brochure, before construction has even started, it plays its part as visual seduction. 'Buyers dream of having that kind of lifestyle,' says Mr Steed, a Singapore permanent resident.
This is especially so for upmarket condos such as Sky@eleven, where buyers tend to expect more from their landscaping, he adds.
It's a far cry from 10 years ago, when landscaping came low in the budgeting priorities of condo developers.
Today, the money they spend on this aspect is more than double that previously, he says, without giving specific figures.
'Property developers are seeing the importance of landscaping, as it enhances the property,' he says.
Ms Helen Smith-Yeo, a principal architect with landscape architecture firm Sitetectonix, agrees. Her firm has done the landscaping for upmarket condos such as Three Three Robin and Botanic@Lloyd.
She was unable to give figures but confirms that more money is being spent than in the past, adding that developers are also willing to fork out money for better quality materials.
'They see the reward in the end-product. A good end-product means better sales, as the project can fetch a higher price,' she says.
An enthusiastic Mr Steed has lush plans for his semi-jungle at Sky@eleven, but adds that the landscaping will be subtle yet smart, to fit in with the tastes of its target clientele.
In the 48,437 sq ft, five-storey high space, he will be planting ferns, palms, trees and low shrubs. The green sanctuary will also have water features and pathways for residents to walk through.
He says a well-designed landscape is a combination of aesthetics and pragmatic solutions.
http://img378.imageshack.us/img378/7...bbb7d31aa0.png
WATER, WATER EVERYWHERE: A 50m lap pool on Sky@eleven's carpark roof is surrounded by other water features and lush landscaping.
Take Sky@eleven's 50m lap pool on the carpark roof. He will put in trees, flowers and shrubs to make the area resemble a pool in a garden, rather than on a roof-top.
Growing interest
APART from designing the landscape for Sky@eleven, for the past two years Mr Steed has been busy doing work for Sentosa Leisure Group.
The island's Imbian Lookout - combining greenery and newly-built outdoor escalators - are his doing.
'The job is not just about plants, but about making areas more accessible,' he says.
One of his earliest projects for the popular tourist island was in 1982, when he designed its fountain gardens.
He has also been the island's consultant for its annual floral festival - Sentosa Flowers. He will again be involved in this year's festival from Feb 18 to 25.
He notes that Singapore's hot and wet climate is a boon for plant growing, compared to temperate climates.
'Working in the tropics is more satisfying as things don't take so long to grow,' says Mr Steed, who hastens to add that he is, however, a patient person.
'Here, plants take three months to thicken, and trees about four years,' he says. In colder climates, plants take three years to thicken, and a tree could take 10 to 12 years to mature.
He gets a kick out of seeing trees that he planted 20 years ago, such as on Sentosa, grow and flourish. 'It's like seeing a child grow up, but better, because unless someone chops it down, it will be there for a long time.'
There is a downside to Singapore's climate though - plants here can grow too fast. 'The solution is finding the right plants - those that do not grow too tall.'
The landscape veteran traces the roots of his interest in landscaping to his childhood: 'I was always curious to find out more about a location - if it was man-made or natural, or the differences between a forest and a desert,' he recalls.
In the 1960s, when he went to university, landscape architecture was a new course of study, but it 'turned out to be a combination of my interests', says Mr Steed. He graduated with a diploma in landscape architecture from the Gloucestershire College of Art & Design and Pershore College of Horticulture.
Mr Steed, who speaks English, French and Bahasa Indonesia, has served as a council member of the Singapore Institute Of Landscape Architects (Sila) and has won numerous awards.
However, he says he has a more down-to-earth way of knowing he has done his job well: when people start taking photos of the landscape he has created.
@2x-03, 2713sqft sold at a loss. Owner bought 985psf, March 07
Sold Oct 08 at 950psf. Loss of 35psf plus stamp fee and agent comm.
for such a high flr, owner only bgt at 900plus, must be VVIP insider who bgt ?? anyway, high flr is asking 10x0psf nw, guess it will drop further ?
Location is really not ideal, though layout and finishings are really good
Quote:
Originally Posted by Sky11
Which project will be a better buy compare to SKY11?
i like the project...so greenery
view 720 degree virtual tour from
http://www.virtualhomes.sg/sky@eleven
This project intrigues me as an investment, with a holding period of 5-10 years. I presume if top is reached 2009, a lot of people will be forced to sell. Since they purchased at near peak prices. There are bound to be investors or people who over extended themselves considering the current economy. Considering the size of this development I dont think it would be that unreasonable.
can anyone say what the psf of this area was in 2003/04/05, or point me to the place where I can find it out.
would targeting a price of between 700 and 800 psf this year or next be that outrageous? Maybe even lower?
TOP is now Mid 2010
Lowest Asking Prices now for very few apts 870-890, heard that many owners have withdrawn their apts from sale and decided to keep / waiting for market to improve
Looks like a good buy to me below 900 for decent floor
why they delay the top? waiting to see the actual units ;)Quote:
Originally Posted by hk2313
think at this asking price, some already lost money
i am not surprised that most who bought to 'speculate' are losing big time ..Quote:
Originally Posted by cartman
i have always felt SKY@11 is a cheat ... its actually 'next to' Toa Payoh .. and sold at prime dist pricing...
dec08 880 psf
feb09 900 psf
850-900 looks more like what it should be ... or what it should have been launched at ...
Thomson 800 is also trading at around 850-750 region now ... its price has never really fluctuated, even during 2007-8 peak ...
Agree, this is a one time hit and run by SPH. Dr Tan buy and the rest follows. This one sure crash. :spliff2:Quote:
Originally Posted by proud owner
Silver sea is back now...:)Quote:
Originally Posted by proud owner
that agent seems representing FEO, post water place, silver sea in D15...
Isn't it a cheat also? For water place, resale market already drop to 8xx psf, they are still dear dear to ask 950psf!
http://forums.condosingapore.com/sho...&postcount=274
Silver sea? If you buy you will ' Si bei Si' Sure die.Quote:
Originally Posted by East Lover