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Thread: Leonie Parc View (D9, Freehold, Soilbuild)

  1. #1
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    Default Leonie Parc View (D9, Freehold, Soilbuild)

    Published April 19, 2007

    Two new high-end projects coming up in Leonie Hill area

    By UMA SHANKARI


    PROPERTY developers Koh Brothers and Heeton Holdings yesterday announced their new high-end project in the Leonie Hill area, saying that they will continue to look for more land sites in the prime districts, both individually and as a team.



    The Lumos: The majority of units here will be three and four-bedders of 1,700 sq ft and 3,300 sq ft


    The 53-unit The Lumos could be launched at between $2,500 and $3,000 per square foot (psf), in line with prices that apartments in other projects in the area are fetching, the two companies said.

    The tentative launch date is set for around the end of next month.

    Twelve out of 44 units in Soilbuild's Leonie Parc View have been sold before the project's launch, through private placements to buyers from Hong Kong and Indonesia, sources told BT. The units fetched an average price of $2,700 psf. Apartment sizes range from 2,013 sq ft to about 6,600 sq ft for the largest penthouse.

    Leonie Parc View will now be marketed in Indonesia and Hong Kong through roadshows over the next two weekends, BT understands.

    For The Lumos, Koh Brothers and Heeton, who each hold a 50 per cent stake, bought the site in April last year for $79.2 million, or about $880 psf per plot ratio including a development charge of about $3.9 million.

    'I think now is a good time and we are ready, so we want to launch it,' said Koh Brothers chief executive Francis Koh. 'The property market is quite buoyant and the demand is there,' he added.

    However, with the large number of upmarket projects launched lately, there is a need to distinguish The Lumos, Mr Koh said. He aims to do this through the project's 'unique' design and facilities such as a sky garden for each unit.

    The 36-storey project will feature iconic architecture evolved from the idea of a chandelier. Units will be equipped with state-of-the art interior fittings to cater to the project's target market.

    The designer fittings, as well as the increased price of sand, has pushed the project's breakeven cost to $1,200-$1,300 psf, said Mr Koh.

    Units in the project will range from from one-bedders of 635 sq ft to two penthouses of 6,000 sq ft each. The majority of units will be three and four-bedders of 1,700 sq ft and 3,300 sq ft.

    The Lumos is the second time that Koh Brothers has joined hands with Heeton. The two companies jointly developed the Sun Plaza shopping mall next to Sembawang MRT station.

    And more projects could follow as they could bid for further sites together, said Danny Low, executive director of Heeton Holdings.

    Both developers still intend to focus on the prime districts of 9, 10 and 11 for land acquisitions, although they are also interested in mass market sites in suburban areas because of recent signs that the mass market is picking up.

    For Koh Brothers, Mr Koh said that with land cost in the Orchard Road area increasingly expensive, the company will look to build up its land bank through sites in the Bukit Timah and Holland Road areas, where there is still a potential upside for prices.

    Koh Brothers' stock closed unchanged at 43 cents yesterday, while Heeton's shares fell one cent to close at 71 cents.

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    Default Re: Leonie Parc View (D9, Freehold, Soilbuild)

    Leonie Parc View is on the Furama Tower site, 22 Leonie Hill Road.

  3. #3
    beavis
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    Default Re: Leonie Parc View (D9, Freehold, Soilbuild)

    Soft launch today at Jakarta.!!!

  4. #4
    Unregistered
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    Default Re: Leonie Parc View (D9, Freehold, Soilbuild)

    Anybody have pictures of Leonie Parc View?

  5. #5
    joe
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    Default Re: Leonie Parc View (D9, Freehold, Soilbuild)

    News Release - Soilbuild Holds Exclusive International Auction for Three Luxurious Units In Its Flagship Development - Leonie Parc View
    Last edited by joe; 21-05-07 at 17:42.

  6. #6
    joe
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    Default Re: Leonie Parc View (D9, Freehold, Soilbuild)

    Quote Originally Posted by Unregistered
    Anybody have pictures of Leonie Parc View?
    There is a picture in the .pdf attachment above.

    Cheers

    Joe

  7. #7
    cheapskate
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    Thumbs down Re: Leonie Parc View (D9, Freehold, Soilbuild)

    Quote Originally Posted by joe
    There is a picture in the .pdf attachment above.

    Cheers

    Joe
    ewwwwwww! It looks like any cheap condo that Soilbuild developed in the Balestier area. Hell, I think even Soilbuild's Montebleu looks better than this!

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    Default Re: Leonie Parc View (D9, Freehold, Soilbuild)

    Soilbuild opts to auction 3 biggest units at Leonie Parc View

    By Loh Kim Chin, Channel NewsAsia | Posted: 21 May 2007 2257 hrs



    SINGAPORE : Yet another property developer is taking the auction route to sell its high-end luxury homes.

    Soilbuild plans to hold an exclusive international auction for its three biggest units at Leonie Parc View on Leonie Hill Road next month.

    The auction will be jointly conducted by Christie's Great Estates and Colliers International.

    Soilbuild says it hopes to reach out to a wider group of international investors through the auction.

    Prospective buyers overseas may place their bids via the telephone.

    Leonie Parc View comprises 44 units.

    Following roadshows in Hong Kong and Indonesia, 18 out of 20 units released have been sold, at prices averaging between S$2,600 and S$3,000 per square foot. - CNA/ms

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    Default Re: Leonie Parc View (D9, Freehold, Soilbuild)

    Published May 22, 2007

    Soilbuild to sell penthouses, sky villa via auction


    SOILBUILD will sell a 'sky villa' and two penthouses in its freehold 44-unit Leonie Parc View through an auction by Christie's and Colliers International, the developer said yesterday.


    Wide appeal: The sky villa and penthouses at Leonie Parc View are expected to command prices of around $3,200 to $3,600 psf

    'We expect the sky villa and penthouses to appeal to both foreign and local investors, commanding prices in the region of $3,200 to $3,600 per square foot (psf),' said Grace Ng, Colliers International's auctioneer. Colliers will jointly conduct the auction with Christie's Great Estates exclusive affiliate Ken Jacobs.

    Leonie Parc View is located on Leonie Hill Road in the prime District 9. The development comprises one sky villa, three penthouses and 40 four-bedroom units.

    The project has been previewing overseas since late April. Following roadshows in Hong Kong and Indonesia, 18 of the 20 units released were sold through private placements to overseas buyers, with prices ranging from $2,600 to $3,000 psf, said Jerry Tan, managing director of property firm JTResi, which is handling the preview sales. The rest of the units will be released at a later date, Soilbuild said.

    The double-storey sky villa is an expansive 7,000 sq ft and comes with a private lap pool on its upper level. The other two penthouses are 2,900 and 3,000 sq ft. The by-invitation-only auction is slated for June 8 at 3pm at the Raffles Hotel.

    Low Soon Sim, executive director of Soilbuild, said: 'Through this auction, we intend to reach out to a wider group of international investors seeking a presence in a global city like Singapore.'

  10. #10
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    Default Re: Leonie Parc View (D9, Freehold, Soilbuild)

    When St regis broke a record at $3000 psf, we all shocked. Now condo like this are launched at an avrg price above $2500 and they still sell the condo like hotcakes at this price.

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