Exciting new project, next to the Grand Copthorne and Zouk. TOP 2008.
site map:
Newbie
Exciting new project, next to the Grand Copthorne and Zouk. TOP 2008.
site map:
Originally Posted by bananarama
Exciting new project, next to the Grand Copthorne and Zouk. TOP 2008.
site map:
looks nice. when do they launch?
Any complaints please PM me
Launching soon.
I was at Velvet last night and noticed that they have changed the name from Pharos to Tribeca. I have no idea why Tribeca, because the Tribeca district in New York stands for "Triangle Below Canal street". Canal Street being where NY's Chinatown is. I see no similarities here.
is slated to launch above $1,400 psf! wow is the word. Hope the high price of this will spread around the area.
Any complaints please PM me
Singapore Companies
Published November 17, 2006
CityDev's Tribeca condo previews begin
CITY Developments has begun previews for its freehold Tribeca condo next to the Grand Copthorne Waterfront Hotel at an early-bird average price of $1,420 psf.
Room with a view: The 30-storey Tribeca offers residents views of the city and the Singapore River
It will be developed on the last of the group's sites in the Kim Seng Road/Jiak Kim Street area.
Based on the initial pricing, analysts' estimates of CityDev's pretax profit from this project range from about $140 milion to $250 million.
The wide spread reflects uncertainty among analysts on the project's breakeven cost as analysts are unsure of just how much to impute for land cost.
CityDev is believed to have bought the site in the 1980s.
A stone's throw away, Wheelock Properties (Singapore) is selling units at The Cosmopolitan at prices ranging from $1,250 psf to $1,500 psf.
To date it has sold 85 per cent of the total 228 units in the 36-storey freehold development. Tribeca will be a 30-storey block with units starting from the fifth storey upwards to offer residents views of the city and the Singapore River.
The development, formerly named 'The Pharos by the Waterfront', has been renamed Tribeca, inspired by the chic, residential district in downtown Manhattan, CityDev said in a release yesterday.
The project is being marketed by CB Richard Ellis and Savills who estimate that units in the development will fetch monthly rentals ranging from $3,000 for a one-bedroom apartment to $10,000 for a four-bedroom apartment. These reflect net rental yields of 3 to 4 per cent.
The $1,420 psf average price is for 'early birds', CityDev said, suggesting the developer's plans to raise prices as it sells more units. For a start, it has released 80 of the total 175 units in the development.
At this price and location, I am not sure about the response. Slightly more than $1,400 psf can get me a nice condo in a nice neighborhood like Cairnhill or Paterson. Well maybe not anymoreStill, there are nicer locations to spend that couple of million bucks.
There are HDB flats in every direction, Great World City is some distance away, and traditionally this has been a 'poor' area with many 3 room flats. Havelock Road nearby used to be 'gangster' area. Now full of 3 and 4 star hotels with KTV lounges.
Seems like recently CDL developments launched have not been selling well except for their Oceanfront. Could this be a flop, or could this sell like hotcakes?
Any complaints please PM me
Singapore Companies
Published November 20, 2006
CityDev's Tribeca preview off to a good start
By KALPANA RASHIWALA
CITY Developments has sold about 60 of the 86 units it has released so far at its Tribeca condo opposite Zouk at Jiak Kim Street, a spokeswoman for CityDev said yesterday evening.
CityDev began previewing the freehold development since Thursday last week at an 'early bird' average price of $1,420 psf and for now, is still sticking to this price.
About 35 per cent of units sold were bought by foreigners (including permanent residents) with the most predominant nationalities being Indonesians, Malaysians, Britons and Americans, in that order. Other foreign buyers were from other European countries, India and China.
Buyers also included a wide spread - from the young and trendy set that look like they could be Zouk patrons to retirees.
There was also a mix of investors eyeing potential rental returns and prospects of capital appreciation, as well as those looking to live there themselves, according to CityDev's spokeswoman.
The 30-storey freehold residential development comprises 175 units in total. Prices start from about $705,000 for a 517 sq ft one-bedroom unit on the fifth floor to $3.2 million for a 1,905 sq ft four-bedder unit on the 25th floor. The seven penthouses at Tribeca cost upto $5.3 million.
CityDev will develop Tribeca on the last of the group's sites in the Kim Seng Road/Jiak Kim Street area. The group's earlier projects in the location were Grand Copthorne Waterfront Hotel, King's Centre, Waterfront Plaza and Mirage Tower condo.
Tribeca is designed such that units start from the fifth storey upwards to offer residents views of the city and the Singapore River. The condo is being marketed by CB Richard Ellis and Savills.
This is one more bland generic looking building for Singapore. Location isn't THAT fantastic to generate this sort of price. Thanks CDL!
Location: Kim Seng Road (D 9)
Total no. of units: 175 (30 storey)
Tenure: Freehold
Site Area: 59,011 sqft
Expected TOP: 31 Dec 2010
Units Types:
*1 BR ~ 517 to 570 sqft (50 units)
*2 BR ~ 1033 sqft (24 units)
*3 BR ~ 1367 to 1378 sqft (47 units)
*3+1 BR ~ 1765 sqft (24 units)
*4 BR ~ 1905 sqft (23 units)
*1 BR Penthouses ~ 1173 to 1195 sqft (2 units)
*2 BR Penthouses ~ 2174 sqft (1 unit)
*4 BR + Study Suite ~ 3186 to 3315 sqft (2 units)
*4 BR Penthouses ~ 3563 to 3907 sqft (2 units)
Price: around $1500psf
visited it today ... pales in comparison to other projects in the vincinity.... only once iin a while, u get a wow feel from cdl (eg. solitaire)... their showflats suck.... most of the time, they're so plain and boring.... developer better wake up and put more effort into archi and interior designs...
whatever you say lah
100% FULLY SOLD
Re: TriBeCa (D9, Freehold, by CDL)
Exactly. Not only that, Visit there and very disappointed by the rudeness of the security guard. Only sit on the chair in the balcony to see how comfortable the condo before purchase but instead being scolded by the security guard (BAD MARKETING POLICIES). I was lucky did not purchase this unit. The condo design is so boring somemore. Will consider better condo next door which is the Trillium.
NO WONDER THIS UNIT SELL SLOWER THAN TRILLIUM EVEN AT CHEAPER PRICE AND LESSER UNITS.
agreed. i would much rather buy Cosmo if I needed to move in soon or Trillium if I had a few tears to wait.
F01 N54 Sheer Driving Pleasure
Tribeca has a nėw hļgh of $1,851 psf!
Tribeca
Address .......................... psf ............... Area ........ Price .......... Contract Date
60 Kim Seng Road #28-04 .... $1,851 psf .... 517 sqft .... $956,000 .... 18 Mar 10
Newbie
how is the population demographics here?
very local, mixed local:Indon, or got a lot rented to Indians (from India) - cant take the smell
how are the 1378 sq ft units?
do you think bid at 1600 psf can get?
ie 2.2 mio?
Newbie
should be able to get some when owners have no choice
give it 3 to 6 months. Be patient
Newbie
ok will be patient
Exalted
http://www.propertyguru.com.sg/prope...prices-jump-70-
shanghai buyers gave up the waiting game after 4mths....
Interesting....HK buyers dun bother about cooling measures
http://www.propertyguru.com.sg/prope...e-33-in-august
Newbie
sorry read the strait times
read cancellation of contracts even
think Spore will come off
think Tribeca will come off 1400-1500 psf is fair value
http://www.propertyguru.com.sg/prope...prices-jump-70-
shanghai buyers gave up the waiting game after 4mths....
Interesting....HK buyers dun bother about cooling measures
http://www.propertyguru.com.sg/prope...e-33-in-august
Exalted
ooo...u gunning for 15-20% discount.....cooling measures wun help......u nid some serious external shocks
Newbie
Yes, these measures won't help. What would help is that the owners are hurt by something else or somewhere else. They would then be forced to sell at a discount. E.g. Stock market collapse, someone in their family fell sick and needs lots of money or someone cheated them of their money etc.
Its like a fish in a water. The colour of the water will not affect the fish (current state). What will kill the fish are the parasites that attack the fish from within (internal injury). In this context, property owners who have no holding power will be caught (attacked from within).
You might have some luck asking for 5% discount. Anything beyond that, far fetched.
Newbie
With the imminent moving of zouk and development of that land, will tribeca views be blocked in the future? Will its value drop significantly ?
Senior
view will at least be partially blocked (depending on how future developer utilises the land).
value may drop but not significantly because of the future upcoming mrts.
Newbie
Thanks, what do you think is a good price to invest there now?
Newbie
For small units (1 or 2 bedders) 2100+ psf is a good deal considering other much older projects like Tiara already 1800-1900 psf for the small units.
Senior
Did one of you guys buy this?
21 AUG 2014 9 TRIBECA 60 KIM SENG ROAD #25-06 CONDOMINIUM FREEHOLD 1,905 STRATA 1,680psf $3,200,000
Newbie
Good price for buyer... Decoupling possible?
Senior
100% not de-coupling. it was advertised for a loooooooooooooooooooooong time. multiple agents. the last i saw was agents quoting 3.4xm. so i m not surprised at all that its sold at 3.2m.
Senior
the seller sold at exactly 4% above his 2006 dec buy price. breakeven.
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