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Thread: JLD Second White Site Land Sales

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    Default JLD Second White Site Land Sales

    Sales closing soon by end may. Will the bidding price exceed first white site price? Any opinion?
    Daft, Dafter, Dafterest!!!!

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    Quote Originally Posted by westman
    Sales closing soon by end may. Will the bidding price exceed first white site price? Any opinion?
    Not likely.

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    Quote Originally Posted by kingkong1984
    Not likely.
    Due to GE result or any particular reason?
    Daft, Dafter, Dafterest!!!!

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    Quote Originally Posted by westman
    Due to GE result or any particular reason?
    I duno as these are not logical decisions, the invisible hand at play.

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    regardless of winning bid price, it will still be good news for the West region anyway the West area shows the strongest support, think the government will be more inclined and happy to developed it!

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    Quote Originally Posted by Allthepies
    regardless of winning bid price, it will still be good news for the West region anyway the West area shows the strongest support, think the government will be more inclined and happy to developed it!

    PAP PAP PAP Jurong and Choa chu kang huat la...

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    Quote Originally Posted by peterng8
    PAP PAP PAP Jurong and Choa chu kang huat la...
    more commision for u!!! huat ah!!!

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    Quote Originally Posted by westman
    Sales closing soon by end may. Will the bidding price exceed first white site price? Any opinion?
    my guess..... 25%~30% above last site

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    850++psf?
    Daft, Dafter, Dafterest!!!!

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    Quote Originally Posted by ay123
    my guess..... 25%~30% above last site
    Wah!!! That would close to 1kpsf
    Daft, Dafter, Dafterest!!!!

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    Quote Originally Posted by westman
    Wah!!! That would close to 1kpsf
    bedok mixed site sold at $841psf. and jurong with so strong commitment from govt. my guess developer could be quite agressive. landlease already secured 30 yrs lease from govt. with residential market over heating, developer might want to divert into mixed development investment

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    Quote Originally Posted by ay123
    bedok mixed site sold at $841psf. and jurong with so strong commitment from govt. my guess developer could be quite agressive. landlease already secured 30 yrs lease from govt. with residential market over heating, developer might want to divert into mixed development investment
    Agreed with you and I'm pretty sure it wouldn't be mixed with residential as yields from commercial makes more sense now....

    but a white site costing 1000psf (breakeven would be even higher) is really BULL leh...
    Daft, Dafter, Dafterest!!!!

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    Quote Originally Posted by westman
    Agreed with you and I'm pretty sure it wouldn't be mixed with residential as yields from commercial makes more sense now....

    but a white site costing 1000psf (breakeven would be even higher) is really BULL leh...
    1st site already sold 650psf, my guess is around $900~950psf. when keppel bought lakefront at 499psf, everyone say is crazy. now u look back, the fools are the one who shout crazy. now even ulu place the land already fetching > 400psf.
    if going for long term view, JLD is to be develop into another CBD/Marina. when tat happen, 900psf become peanut

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    THE LAKESHORE HITS $1,006 PSF

    Posted on April 13, 2011 by SgRealtySearch.com
    Once known as an industrial hub, Jurong is fast transforming into one for business and leisure, driving demand and prices of homes in the vicinity, including The Lakeshore.
    Plans for the Jurong Lake District — which, at 360ha, is equivalent to the size of Marina Bay — comprises a commercial hub known as Jurong Gateway and a recreational-leisure hub known as Lakeside. It was unveiled by the URA in its Master Plan 2008. The transformation of the Jurong Lake District will play out over the next 10 to 15 years.
    It is already taking place gradually. The former Jurong Entertainment Centre has been transformed into JCube, a new mall with an Olympic-size ice-skating rink that will open in 2012. A few streets away, the Ng Teng Fong Hospital and Jurong Community Hospital are expected to open in 2014 and 2015 respectively. Park connectors will also be built, linking Bukit Batok to Jurong East MRT station.
    Offices, hotels and other mixed developments are also in the pipeline. A 1.8ha white site near the Jurong East MRT station was launched for sale this month, following the sale of an adjacent 1.9ha white site at Jurong Gateway Road to Australia’s Lend Lease Retail Investments for $748.9 million last year. Already, the Ministry of National Development, the Agri-Food & Veterinary Authority, and the Building and Construction Authority have announced that they will be moving into the Jurong development by Lend Lease by 2015, to encourage the development of the suburban hub.
    The makeover of Jurong has seen prices of new condominiums in the area setting new benchmarks. At The Lakefront Residences by Keppel Land, a 495 sq ft unit on the 16th floor was sold for $676,000, or a high of $1,365 psf, in January. The 629-unit, 99-year leasehold residential development was launched for sale last November and is expected to be completed in 2015. As at end-February, 515 of the 591 units launched had been sold, at a median price of $1,053 psf.
    Lakefront Residences is just a short walk to the Lakeside MRT Station. Adjacent to the development Frasers Centrepoint’s 712-unit Caspian, which is fully sold. The latest transaction lodged with URA Realis was for a 936 sq ft unit on the sixth floor, which changed hands in a sub-sale at $830,000 ($886 psf) on Feb 11. The high of $1,102 psf was hit last August when a 463 sq ft unit on the fourth floor changed hands in a sub-sale for $510,000. Caspian is expected to be completed by 2013.
    With new projects fetching more than $1,000 psf, older developments in the vicinity, such as the fouryear old The Lakeshore, along Jurong West Street, are playing catch-up. The 848-unit, 99-year leasehold The Lakeshore is located diagonally across from the Lakeside MRT Station and opposite Jurong Lake. The Lakeshore was developed by Far East Organization and is a short drive to the Jurong West Market and Food Centre and Jurong Point shopping mall.
    Prices at the condo have more than doubled since the launch in 2003, hitting a peak of $1,127 psf in January, when a 1,108 sq ft unit on the 14th floor was sold for $1.25 million. From March 1 to 8, there were three resale transactions at The Lakeshore, with prices ranging from $921 to $1,006 psf.
    A 1,270 sq ft unit on the first floor was sold for $1.17 million ($921 psf) — a 20% gain for the seller, who purchased the unit for $976,080 ($768 psf) in July 2007.
    A 1,162 sq ft unit on the 17th floor was sold for $1.17 million ($1,006 psf), translating into a 28% gain for the seller, who purchased it for $914,490 ($787 psf) in Oct 2008.
    Another 1,162 sq ft unit, on the 11th floor, was sold for $1.15 million ($989 psf), representing a 31% gain for the seller, who bought the unit for $880,000 ($757 psf) in November 2008.
    Bernard Hoo, an agent with Global Real Estate (Asia), who is marketing a three-bedroom unit at $1,173 psf, notes that genuine buyers are holding out for lower prices, while investors who are able to secure tenants may be willing to offer a better price.
    Source : The Edge – 28 Mar 2011

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    Quote Originally Posted by ay123
    huat ah!!!!

    have to thank all ALJ voters for making a wise choice. now money from ALJ can be channeled to Jurong.

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    heard from agent friend there are buyerS willing to pay at least 950psf for caspian 3 bed size unit. tats quite close to lakefront pricing. anyone has ground info? can our super agent peterng confirm?

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    Quote Originally Posted by ay123
    heard from agent friend there are buyerS willing to pay at least 950psf for caspian 3 bed size unit. tats quite close to lakefront pricing. anyone has ground info? can our super agent peterng confirm?
    Easy....jus pretending u r buyer looking for 3bedder....see how low u can get

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    Quote Originally Posted by devilplate
    Easy....jus pretending u r buyer looking for 3bedder....see how low u can get
    i did try calling....the seller all asking $1000psf and above for pool view. below 1000psf are non pool view. but if there are genuine buyer willing to pay 950psf now, to hit > 1000psf is matter of time since caspian is going to top 2015 Q2.

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    Quote Originally Posted by ay123
    i did try calling....the seller all asking $1000psf and above for pool view. below 1000psf are non pool view. but if there are genuine buyer willing to pay 950psf now, to hit > 1000psf is matter of time since caspian is going to top 2015 Q2.
    bro, you huat x3
    Daft, Dafter, Dafterest!!!!

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    Quote Originally Posted by ay123
    i did try calling....the seller all asking $1000psf and above for pool view. below 1000psf are non pool view. but if there are genuine buyer willing to pay 950psf now, to hit > 1000psf is matter of time since caspian is going to top 2015 Q2.
    I think those seller asking $1000 are not the serious seller, just out there to test the market. ALL the seller know that in another 12 months the Ppty might be TOP, most would just hold and wait and enjoy the surge during TOP. My own opinion only.

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    Seconda JLD White site Bidding closed.
    According to first JLD white site, it was successful bid was $745mil or $650psf.

    It's just hours away to know whether 2nd site can beat 1st site in bidding price...
    Daft, Dafter, Dafterest!!!!

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    Maximum Permissible Gross Floor Area (GFA): 88,980 m2 or 957424sqf
    Min amount to bid: $510mil or $532psf.

    At least 40% of the maximum permissible GFA for office use and the remainder for any one or more of the following uses:
    a) Commercial (eg. Retail and Entertainment)
    b) Hotel
    c) Residential
    The minimum 40% office quantum shall be for pure office use only and doubling the space up for residential use is not allowed.
    Daft, Dafter, Dafterest!!!!

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    omg....is almost double the minimum price. $1012.08psf, is higher than my expectation...... jurong huat ah!!!

    http://www.ura.gov.sg/pr/graphics/2011/pr11-59a.pdf

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    Quote Originally Posted by ay123
    omg....is almost double the minimum price. $1012.08psf, is higher than my expectation...... jurong huat ah!!!

    http://www.ura.gov.sg/pr/graphics/2011/pr11-59a.pdf

    good upside potential. all secondary market huat x 3 ....caspian continues and now lakefront.

    2nd bit is $958psf

    how much are these people going to sell now? scary price continue to build up.

    who is JG trustee Pte Ltd?

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    Quote Originally Posted by ay123
    omg....is almost double the minimum price. $1012.08psf, is higher than my expectation...... jurong huat ah!!!

    http://www.ura.gov.sg/pr/graphics/2011/pr11-59a.pdf
    Am expecting it to be around $7xx~$8xx and was very surpise it bid way above $1000!!!!!

    How often do we see GLS went past $1K?
    Daft, Dafter, Dafterest!!!!

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    Quote Originally Posted by rattydrama
    good upside potential. all secondary market huat x 3 ....caspian continues and now lakefront.

    2nd bit is $958psf

    how much are these people going to sell now? scary price continue to build up.

    who is JG trustee Pte Ltd?
    Not sure who is JG.
    But tot Lend Lease huatx10 as their GFA is larger and psf price was way lower by land cost alone, Lend Lease gain $1012-$650=$362!!!! Upside by 55%!!!!!
    Daft, Dafter, Dafterest!!!!

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    at the rate they are going, 1500psf maybe possible cos you only have one JE with huge land n under gov concept plan. who is the minister here? our finance minister. developer stuff with cash now.. still have another piece for tender rite?

    mrt has been upgraded. This will be the financial meeting place for the company in Tuas as town is too far for them. Travel to Tuas is the same distance as you travel to AMK from Jurong East.

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    Quote Originally Posted by rattydrama
    good upside potential. all secondary market huat x 3 ....caspian continues and now lakefront.

    2nd bit is $958psf

    how much are these people going to sell now? scary price continue to build up.

    who is JG trustee Pte Ltd?
    I luv JG Trustee........ Who care who he is???

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    at the rate things are development, my fav D10 feels like OCR from Jurong District. Jurong story going to hit $1400 psf soon. D10 Freehold only $1500-$1600. THE GLS IS PUSHING UP ALL properties!! Lastest beneficiary i observe seems to be bishan clover by the park! Capitaland havnt launch record price development the price there chong alot last 5 months!

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