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Thread: Upper Thomson Rd condo devt by Cheung Kong

  1. #1
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    Default Upper Thomson Rd condo devt by Cheung Kong

    Noticed the structures of the showroom is coming up. Looks like they're planning a launch first half of this year. After paying just under 500psf gfa for the land, I'm interested to see where are they going to price this one.

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    The land for this one was awarded quite sometime ago(can't remember exactly when) but i think before the announcement of the 1st GLS. At that time thot CK kanna played out, but looks like if they launch now, easily 1200 psf, no prob.

    Quote Originally Posted by kane
    Noticed the structures of the showroom is coming up. Looks like they're planning a launch first half of this year. After paying just under 500psf gfa for the land, I'm interested to see where are they going to price this one.

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    Yah loh, just market it as some upmarket high class nature retreat and sell at 1500psf....

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    Add another 150 psf on top of vision launch price.... Hehe

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    Is this near to Meadows at Peirce?

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    Quote Originally Posted by mantrix
    Is this near to Meadows at Peirce?
    beside bishan point

    oh ya...gona block the beautiful view of bishan pt liao

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    You mean gardens at Bishan.

    1500psf?? All their neightbours will be popping champagne to celebrate every S&P signed.

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    Quote Originally Posted by devilplate
    beside bishan point

    oh ya...gona block the beautiful view of bishan pt liao
    Thanks - but bishan point is asking more than 900psf - high enuff I think.
    Those wanting to send their kids to Ai Tong have another choice now but they will need to fork out more $$$...cos the prices would have been raised...

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    Yeah, those who want ai tong and a brand new condo will consider that. Just like people looking for clover by the park because of catholic high. And in the process, paying an arm and a leg.

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    $1500 psf... might as well add a bit more and buy a FH one at D11.

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    That's why it's still hard to understand the amount of premium would pay for brand new-ness.

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    Quote Originally Posted by kane
    1500psf?? All their neightbours will be popping champagne to celebrate every S&P signed.
    I think devil meant vision price plus 150, that's "only" 1150psf. At this market sentiment, considered cheap already.

    Let's hope LKS do his superman stunt here too Who's afraid of FEO ?

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    Quote Originally Posted by amk
    I think devil meant vision price plus 150, that's "only" 1150psf. At this market sentiment, considered cheap already.

    Let's hope LKS do his superman stunt here too Who's afraid of FEO ?
    i thought vision was selling 1300psf? yeah, only CK can top FEO in terms of selling apts at a premium.

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    Quote Originally Posted by kane
    That's why it's still hard to understand the amount of premium would pay for brand new-ness.
    People attached different value to things... I prefer big liveable space vs a balcony as big as the living room.

    If it is $1,150.... it will be snatched up in no time, given the current bullish sentiment. Actually, they can ask for the sky... there will always be some suckers out there.

    The cooling measure does not work IMO. What is really does is control the HDB prices so that Singaporeans will stay in HDB and foreigners or the richer ones stay in private.

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    Is this plot after Venus Drive (if driving towards the direction of Sembawang) and situated in between a Chinese Temple and a public school?

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    i made a mistake...this plot is beside gardens@bishan

    http://www.mnd.gov.sg/newsroom/newsr...omson%20Rd.pdf

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    The vision average launch price 1050psf...adding 100-200psf about there

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    Should be about there, the land at vision cost them about 300. This one cost them about 500.

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    Quote Originally Posted by devilplate
    i made a mistake...this plot is beside gardens@bishan

    http://www.mnd.gov.sg/newsroom/newsr...omson%20Rd.pdf
    So it is sandwiched between the Chinese Temple and School. Yuks The temple can be quite happening certain time of the year. Wonder whether units having temple view will get further discount

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    Just add rumour here... possible MRT... haha buy it?

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    I've read from elsewhere people spotted soil test outside ai tong area and around midview city. Some people really blessed to have so much time to spot these things.

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    Quote Originally Posted by kane
    I've read from elsewhere people spotted soil test outside ai tong area and around midview city. Some people really blessed to have so much time to spot these things.
    by the time they announce, build....probably 10-15yrs den can use the MRT..LOL....oredi 2 ppty cycles gone

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    The thomson line is supposed to be completed in 2018. Well, that's another 7 years from now. One cycle.

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    Drove by. Showroom seems almost ready. Wondering when is the launch. Would be interesting to see at what price.

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    from the looks of it, i'm guessing Q2. and because cheung kong is the developer, i'm going to guess that the price will be a little more "stunning" than FEO.

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    Break-even is $850-900psf, likely to launched at $1100-1200psf...

    http://www.h88.com.sg/article/Upper+...nner+revealed/

    Upper Thomson land parcel winner revealed
    We should have known there was a Hong Kong hand behind the bid. Just look at the bid numbers - 251338668. The bidder, Treasure Well Investments, is actually a unit of Cheung Kong Holdings, which belongs to - who else - Hong Kong's richest tycoon Li Ka-Shing.

    If you've been hiding under a rock, Li Ka-Shing is one of the world's richest men (#16 at $16.2 billon). Singapore's richest - Far East's Ng Teng Fong - is at #118 with a paltry $6.1 billion. No wonder Far East lost the bid (they were second)!

    The question is: are they overpaying? Their bid was a good 21.5% over Far East's. Are they flush with funds thanks to the property boom in China and Hong Kong? Maybe. But we think the answer is simpler: they have better feng-shui masters.

    As you know Cheung Kong's bid was a nice $251,338,668.00. It shows far greater detail and thoughtfulness, all the way down to the dollar. Far East's on the other hand, was a mere $206,800,000.00. Where are the combo threes and the sixes?

    On a more serious note, according to their spokesperson, they plan to build around 340 to 350 units. They added that the breakeven cost will be around $850 to $900 psf.

    They seem to be quite confident, Mr Raymond Chui, GM of the group's Singapore-based unit Property Enterprises Development tells the Business Times,*
    We've done our sums. The site is in a very good location and we have confidence in the future of the Singapore property market.

    Far East's bid came in at $206.8m, which works out to $438.8 psf ppr, suggesting a breakeven of price around $840psf and a potential selling price of around $940-$1,040 psf. Cheung Kong Holding's on the other hand works out to a potential selling price of $1,000-$1,100psf.

    Note to Ng Teng Fong, time to get a new geomancer!

    Via Business Times - "Cheung Kong is top bidder for Upper Thomson Rd condo plot"

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    since they like 8 so much. $1268 or $1288.

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    Quote Originally Posted by kane
    since they like 8 so much. $1268 or $1288.
    Am sure, condo name will have been advised by Feng Shui master and auspicious....knowing these HK developers....

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    the higher floors facing the reservoir will have reservoir view and SICC golf course and bukit timah hill view.

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    Interesting to note below:

    http://www.ura.gov.sg/sales/UppThoms...Rd-main(L).htm

    Q5 *
    Can the proposed development bear the "Upper Thomson Road" address, rather than "Sin Ming Walk" ?

    A5 *
    As specified in Clause 4.2.1 of the Technical Conditions of Tender, the vehicular ingress/egress of the proposed development shall be taken from Sin Ming Walk.* Based on consultation with IRAS, the allocation of the house number will be based on the street where the main entrance of the development is located.* As such, the proposed development will be assigned with a house number along Sin Ming Walk instead of Upper Thomson Road.

    For more information on the Guidelines on House and Unit Numbering, you may wish to log on to the link:http://www.iras.gov.sg/irasHome/uplo...rty/Guidelines
    %20on%20House%20and%20Unit%20Numbering.pdf

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