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Thread: Oxford Suites (D8, Freehold, Hiap Hoe)

  1. #1
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    Default Oxford Suites (D8, Freehold, Hiap Hoe)

    Near Farrer Park MRT

    60 units

    18 storeys

    TOP: 2011

    Average prices:$780 psf

    preview on 31/04/07

  2. #2
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    Default Re: Oxford Suites (D8, Freehold, Hiap Hoe)

    Friday, March 30, 2007

    Oxford Suites soft launched tomorrow


    Property developer Hiap Hoe will be soft launching its latest residential development tomorrow.

    Oxford Suites is a freehold development located at the junction of Oxford Road and Owen Road.

    It consists of 57 apartments, ranging from studios to three-bedroom units.

    The units are being sold at $780 per square foot, and Hiap Hoe is offering a deferred payment scheme.

    Oxford Suites is Hiap Hoe's second residential development launched this year.

    The company has three more in the pipeline, including developments along Cavenagh Road, Bukit Timah Road and Saint Thomas Walk.

  3. #3
    good one!
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    Default Re: Oxford Suites (D8, Freehold, Hiap Hoe)

    Sounds good. Will this be nearby Mera Spring? I think it should be on Owen Road side because of the 18 storey height and not so far in like the Novelty developments are. Those further inside have height restriction, like Vanadium.


    Quote Originally Posted by orange
    Friday, March 30, 2007

    Oxford Suites soft launched tomorrow


    Property developer Hiap Hoe will be soft launching its latest residential development tomorrow.

    Oxford Suites is a freehold development located at the junction of Oxford Road and Owen Road.

    It consists of 57 apartments, ranging from studios to three-bedroom units.

    The units are being sold at $780 per square foot, and Hiap Hoe is offering a deferred payment scheme.

    Oxford Suites is Hiap Hoe's second residential development launched this year.

    The company has three more in the pipeline, including developments along Cavenagh Road, Bukit Timah Road and Saint Thomas Walk.

  4. #4
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    Default Re: Oxford Suites (D8, Freehold, Hiap Hoe)

    Hiap Hoe lauched 60 units of Oxford Suities 2 weeks ago unofficially. A check with Orangtee, agent for Oxford suites confirmed that only 5 units of 1 bedroom and 1 unit of 2 bedrooms are still available. Average price of the Oxford suite is $800psf. Oxford suites should enable Hiap Hoe to make a gross profit of at least $20mio or net of at least $18mio as selling expenses is really low since it is moving so fast. Add to the cuscaden royale of profit close of $60mio net and with progressive recognition of profits, Hiap Hoe shld be able to make a eps of $0.15 for FY2007. The more exciting parts are when they launch Phoenix Court and the combined development of Le Chateau and the most recent acquisation of Clemenceau Court. These 3 areas will generate close to 380,000 GFA; and at a net profit of $600psf, u r looking at close to additional profit $200mio. So, increase your holding now or regrets to see it moving to $1.50 level.

    They still have Lewis court which I think they will launch in 3rd qtr.

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    Default Re: Oxford Suites (D8, Freehold, Hiap Hoe)

    Cuscaden Royale - Hiap Hoe's gem

    THE EDGE SINGAPORE (APRIL 2, 2007)

    Hiap Hoe has four more niche projects to be launched. First is Oxford Suites, a freehold, 57-unit development at the junction of Oxford and Owen Roads, soft-launched on the weekend of March 31 to April 1. The average price is expected to be $780 psf.

    Another development in the pipeline is the site of the former Le Chateau, along Cavenagh Road, which it acquired for $46.8 million last year and has a GFA of 114,486 sq ft. The project is expected to be launched in the 3rd quarter. Then, there is the 29-unit luxury development at St Thomas Walk (near Somerset MRT, formerly the Phoenix Court en-bloc sale site it bought last year for $88.1 million). The development will feature large units with3 bedrooms starting from 3196 sq ft and penthouses above 6000 sq ft. It is expected to be ready for sale by year-end or early next year.

    The 3rd site, along Bukit Timah Road, has a GFA of 33056 sq ft and is slated for launch in 4Q. As prices continue to climb and the supply of development land tightens, buyers will be prepared to look beyond the prime districts.

    Hiap Hoe has a landbank of about 350,000 sq ft, mainly in prime locations. It focuses on the high-end segment with developments in Districts 9, 10 and 11, and also in the mid-range market with projects on the city fringes.

  6. #6
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    Default Re: Oxford Suites (D8, Freehold, Hiap Hoe)

    HIAP HOE'S OXFORD SUITES FULLY SOLD AT HIGHER-THAN-EXPECTED AVERAGE PRICE
    Attached Files Attached Files

  7. #7
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    June 4, 2008

    The incredible shrinking condo

    Compact city studios under 500 sq ft an emerging trend

    By Fiona Chan, Property Reporter


    A TINY studio under construction near Farrer Park may well be the smallest private apartment to be built in Singapore.

    It squeezes a bay window, a teeny kitchenette, a bathroom and space for a bed into just 312 sq ft - about half the size of a squash court.

    The unit - part of the new Kent Residences in Kent Road - is the most extreme example of an emerging trend in private housing: compact, capsule condos within the city.

    Targeted at young singles and property investors, some new studios have shrunk in size to as little as 300 to 400 sq ft, as developers try to make their homes more affordable amid rising costs.

    At least 20 new projects launched within the past year have had units smaller than 500 sq ft, which was almost unheard of before last year.

    Half of these projects went even further, cutting their smallest units to under 400 sq ft, making them on a par with those in famously space-squeezed cities such as New York and Hong Kong.

    Shoebox-sized studios are not entirely new here. A few older condos like Mountbatten Lodge have units less than 400 sq ft in size.

    What's new is the recent proliferation of such projects, especially in Farrer Park, Balestier and Dhoby Ghaut. Most are built by boutique developers and have under 100 units.

    Thanks to the property boom last year, home prices in these areas start at just below $1,000 per sq ft (psf) and go up to $1,600 psf. For a 400 sq ft condo, this translates to well below $700,000.

    'Construction costs are going up and space is becoming very expensive, so developers have to offer something that is affordable for the majority of home-buyers,' said Ms Peggy Ngiam, project director of Huttons Real Estate Group.

    Her firm has marketed several projects with unusually small units, including Thomson V Two in Upper Thomson Road, where half the 74 units were under 500 sq ft, with the smallest just 355 sq ft.

    With a typical unit priced at a mere $377,000, the project sold out within a day.

    In fact, most of these boutique projects are fully sold, and the most recent launches have seen good take-up rates.

    Ms Ngiam said buyers are a mix of locals and foreigners. Some are single professionals while others are investors looking for good rental yields.

    At Citigate in Rangoon Road, which was launched on Monday, 22 of its 32 units were sold within a day. The smallest unit, a 441 sq ft studio, is expected to fetch rentals of $3,000 to $3,500 a month, she said.

    Small units also reflect growing demand from singles who want to live in the city on a tight budget, said DTZ Debenham Tie Leung senior research director Chua Chor Hoon. She said developers focused on building large apartments last year and may now see a shortage of small ones.

    But other experts warned that buyers may not realise how small these units really are.

    'In the last market run-up in 1996, when prices got higher and higher, the units got smaller and smaller,' said Mr Colin Tan, head of research and consultancy at Colliers International. Even then, those units were rarely under 500 sq ft, and came without today's bay windows and air-con ledges, which eat into liveable space, he added.

    While most projects offer showflats, the smallest units are often sold on the basis of their floor plans. At Kent Residences, which has just 13 units, buyers were shown only a model of the project and its floor plans.

    'In most cases, when people see the finished flat they have bought off the plan, they say it's smaller than they expected. Can you imagine what that would be like for a 300 sq ft unit?' said Mr Tan.

    [email protected]


    A 300 sq ft apartment is roughly the size of...

    # Two of the Old Chang Kee kiosks in front of Ngee Ann City

    # Seven ping-pong tables

    # Ten standard-size office workstations

    # Half an average three-room flat, and about a quarter of an average five-room flat

    # Half the size of a squash court

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    There seems to have quite a number of developments over there.

  9. #9
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    Default 'Mickey Mouse homes' snapped up near Little India

    June 29, 2008

    property

    'Mickey Mouse homes' snapped up near Little India

    Buyers like these small apartments as they are close to the city and they seem more affordable


    By Joyce Teo, Property Correspondent


    The area near Farrer Park MRT station in Little India - once largely shunned by developers - has become the playground of smaller property players.

    These little-known companies have bought land there and launched projects that range in size from as few as 13 units to around 50.

    Recently, Suites 123 in Rangoon Road - which has 37 apartments - was largely sold out, despite weak market sentiment.

    Before that, other small projects such as Citigate Residence, [email protected] and [email protected] were also sold out. Some of these projects were sold at around $1,000 to $1,100 per sq ft (psf), which is not cheap, market watchers noted.

    However, as the apartments are usually quite small, these 'Mickey Mouse units' appear to be priced at relatively low levels. Most of these projects have shop units as well.

    Mr David Neubronner, the executive director of Savills Residential, noted that many of the one-bedroom units are just 400 sq ft and the two-bedroom units 700 sq ft.

    He added: 'A two-roomer may cost $700,000.'

    That, he said, is a 'very attractive entry point' for buyers looking to stay near the city.

    At [email protected], the 20 apartments range in size from just 366 sq ft for a one-bedroom unit to 1,044 sq ft for a two-bedroom penthouse.

    The sizes shrink even further at the 13-unit Kent Residences on Kent Road. The smallest apartment is just 312 sq ft - roughly half the size of an average three-room HDB flat, or about the size of two Old Chang Kee kiosks.

    The developer of Kent Residences, which is also behind Tyrwhitt 139 on Tyrwhitt Road, said the area is attractive because it is near an MRT station.

    These projects target singles and small families. The buyers are mainly Singaporeans in their 30s but there are also some foreigners.

    Mr Neubronner said the projects attract many end-users as the area is at the city fringe, which is getting more exciting.

    Market watchers said Farrer Park's proximity to Little India might deter single females or families with kids, but not necessarily single men.

    Still, there are many projects located north of Farrer Park MRT station, across the road from the buzz and chaos of Little India - and less savoury activities at Desker Road.

    While many people also do not want to live near the Little India conservation area, some love living there, including artists and film-makers.

    The area is full of history and character. Race Course Road, for instance, took its name from Singapore's first race course, built in Farrer Park in 1842. One of the country's oldest Buddhist temples, Leong San Buddhist Temple, is also in the vicinity.

    And when some of the newer developments are completed, the residents might include a famous face or two. At least one local celebrity is believed to have bought a unit in a small development north of Farrer Park MRT station.

    For buyers, the good thing about these small projects is that they are mostly either freehold or 999-year leasehold. With the MRT station only a short walk away, residents are basically two MRT stops away from town.

    However, market watchers warn that buyers - those who bought off developer's plans - might not realise how small the units are until they see the completed apartments.

    Nowadays, the space allocated for bay windows, planter boxes, air-con ledges and balconies can eat significantly into your living area.

    'In some instances, they can make up as much as 20 per cent or more of the total. If you want more 'liveable' space, you should do a like-for-like comparision before you make your decision,' said Chesterton International's head of research and consultancy, Mr Colin Tan.

    For instance, at the 56-unit Citigate Residence on Rangoon Road, the 441 sq ft and 517 sq ft advertised for its smaller units include the bay window, air-con ledge, planter and balcony.

    Nevertheless, many buyers could still bite simply because of the seemingly low absolute prices and projected high rental yields, market watchers say.

    'Consumers must be more prudent. The absolute value of such developments might be low, but investors have to consider whether they can find a buyer or tenant later,' said HSR Property Group's executive director, Mr Eric Cheng. 'They are suitable only for those who are comfortable with small units.'

    He said that many buyers might not realise the units are too small to live in until the projects are completed.

    'One of my friends who bought a 580 sq ft unit on Mackenzie Road told me it's like a bird's nest,' he added.

    [email protected]

  10. #10
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    Any idea why they are called Micky Mouse? Are they famous and popular?

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