Top bid for Bright Hill Drive plot beats forecasts

[kane]

Perhaps they know something we don't. From the soil investigations, it is very likely there might be a Thomson Line station near to Thomson Plaza. Thomson Plaza itself might be developed in the future (it has a plot ratio of 3). For all we know, they might be eyeing Thomson View Condo which is being offered for en-bloc sale. Combine it into one huge site and the odd shape/access problem will be solved.

If they makan thomson view, it's going to be a massive project.

[azeoprop]

If they makan thomson view, it's going to be a massive project.

They can always cut it into 2 or 3 plots and call it The Thomson Collections.

[kane]

They can always cut it into 2 or 3 plots and call it The Thomson Collections.

That's a good idea. Build a service road to the 3 separate projects.

[chiaberry]

If I remember correctly, Thomson View can be accessed by Sin Ming Ave as well as Bright Hill Road.

Perhaps they see a market for strata landed houses (which can be built on the TV site as well as the GLS site. The houses sold out very quickly in Archipelago and also in Thomson Grand. This neighbourhood is very attractive to families. No matter what our bro/sis says about the funeral parlours/columbarium/crematorium. But it is balanced out by the ready accessibility of greenery within a short distance/bicycle ride. This includes Bishan Park, Lower and Upper Pierce Reservoirs. There's also some water-based project going on in Shunfu (anybody knows what that's about) and another project akan datang for a nature trial allowing easier access to the Treetops walk from Upper Thomson side (cutting behind the Windsor Park estate).

[kane]

If I remember correctly, Thomson View can be accessed by Sin Ming Ave as well as Bright Hill Road.

Perhaps they see a market for strata landed houses (which can be built on the TV site as well as the GLS site. The houses sold out very quickly in Archipelago and also in Thomson Grand. This neighbourhood is very attractive to families. No matter what our bro/sis says about the funeral parlours/columbarium/crematorium. But it is balanced out by the ready accessibility of greenery within a short distance/bicycle ride. This includes Bishan Park, Lower and Upper Pierce Reservoirs. There's also some water-based project going on in Shunfu (anybody knows what that's about) and another project akan datang for a nature trial allowing easier access to the Treetops walk from Upper Thomson side (cutting behind the Windsor Park estate).

Yes, there are 2 entrances to thomson view.

[bakasa2002]

Just curious, can the developer still build strata house in condo these days? I know the latest to be launched Eco at FEO can, assuming they got approval before the rule change?

[phantom_opera]

Uol is expert in selling nature, archi tree facing units the manage to sell up to 1298psf

[kane]

The blocks that look over thomson view's townhouses will have nature view. Those behind the circular block will have their views blocked.

[Wild Falcon]

Of course there will be people who don't mind living so near to the crematorium and funeral parlour hub - but the question is how many will pay a premium to live close to one, if given a choice? There are only 2 crematoriums in Singapore. Which means 50% of the dead people will be cremated here. And the burning of bodies and joss sticks is worse than carbon monoxide. There is always smell of burnt things in the air in the area and the residents have been complaining but nothing can be done. Not forgetting there many funerals here EVERY DAY. Every day, you will see funeral progression, mourning and crying and hearse in the area. The designated hearse route is around this area. I know because I have friends working in the industry. If one has better resources, one will try to live further away from the designated area for burning of bodies. Esp for the health of your family. Health is more important than anything else. Thomson Line so long, why must choose near crematorium?

Sin Ming is more industrial, HDB and funeral hub, than nice freehold private condo area. In fact, there is no freehold land in Sin Ming right? The nice part of "Thomson" is clearly across the road. The moment people hear of Brighthill they think of crematorium.

If I remember correctly, Thomson View can be accessed by Sin Ming Ave as well as Bright Hill Road.

Perhaps they see a market for strata landed houses (which can be built on the TV site as well as the GLS site. The houses sold out very quickly in Archipelago and also in Thomson Grand. This neighbourhood is very attractive to families. No matter what our bro/sis says about the funeral parlours/columbarium/crematorium. But it is balanced out by the ready accessibility of greenery within a short distance/bicycle ride. This includes Bishan Park, Lower and Upper Pierce Reservoirs. There's also some water-based project going on in Shunfu (anybody knows what that's about) and another project akan datang for a nature trial allowing easier access to the Treetops walk from Upper Thomson side (cutting behind the Windsor Park estate).

[kane]

Flame tree, inglewood, country grandeur, country esquire, fulton estate are all freehold. So it's partial leasehold partial freehold there.

[phantom_opera]

it seems like 550psf is the base price right now for any decent land plot in RCR/OCR near MRT

so all developers will bid around 600psf next time

[speculator]

Of course there will be people who don't mind living so near to the crematorium and funeral parlour hub - but the question is how many will pay a premium to live close to one, if given a choice? There are only 2 crematoriums in Singapore. Which means 50% of the dead people will be cremated here. And the burning of bodies and joss sticks is worse than carbon monoxide. There is always smell of burnt things in the air in the area and the residents have been complaining but nothing can be done. Not forgetting there many funerals here EVERY DAY. Every day, you will see funeral progression, mourning and crying and hearse in the area. The designated hearse route is around this area. I know because I have friends working in the industry. If one has better resources, one will try to live further away from the designated area for burning of bodies. Esp for the health of your family. Health is more important than anything else. Thomson Line so long, why must choose near crematorium?

Sin Ming is more industrial, HDB and funeral hub, than nice freehold private condo area. In fact, there is no freehold land in Sin Ming right? The nice part of "Thomson" is clearly across the road. The moment people hear of Brighthill they think of crematorium.

Actually this site is not that close to the crematorium.
It's still separated/blocked by the Mid view City office buildings

[danntbt]

Possibly the developer may have information of future plan for the crematorium.....especially if it sits on Prime land.....

[phantom_opera]

Possibly the developer may have information of future plan for the crematorium.....especially if it sits on Prime land.....

easy, UOL Crematorium subsi buy over all the cos, enbloc the whole area and move them to Punggol

[2824]

Current 5 yr sell by rule does not favour huge en-bloc. Don't think we will see a repeat of waterfront collection until it goes.

[phantom_opera]

Current 5 yr sell by rule does not favour huge en-bloc. Don't think we will see a repeat of waterfront collection until it goes.

Good point ... Waterfront collection enbloced in 2005 .. until 7y later 2012 still got 10+ units left in last project WFI

[wind30]

actually not that bad the location looking at the map.

It is pretty close to Thomson plaza which is highly likely to get a MRT station on the thomson line.

Midview city also has quite a few shops and even some resturants.

For convenience it is 100% better than Thomson Grand.

[bakasa2002]

Can they still build townhouse w condos these days?

[amk]

Can they still build townhouse w condos these days?

They always can. The restriction is they can no longer sell to foreigners as if there were condos.

From the comments, it's obvious those living nearby find no issues of the location, and in fact see the advantage (MRT, th plaza, etc). And yes the land price is still higher than bt panjang/upp bt timah end. What a surprise

I think UOL will find enough buyers from the local crowd alone. 1250 psf certainly doable. But since they price Katong too low, ( and I heard the marketing kena scolded by the boss) this one I think they will try to be aggressive.

[phantom_opera]

Many useful charts

http://www.langdonseah.com/ice/index...ter%202012.pdf

In terms of mass market private condo, the construction cost is consistent with Singapore, 250-280psf ...

Median wages of construction workers in HK on the rise (see chart)

Charts on other stuff like steel, cement, copper etc ... still below last peak but stays elevated

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http://in.reuters.com/article/2012/0...8JA43Y20120810

Quoted:

LAND AND CONSTRUCTION COSTS



The bid price worked out to an average of HK$4,308 per square foot, the younger Li said, adding that construction costs should take the total figure to more than HK$7,000 per square foot.

The elder Li had complained of high construction costs for developers when the company reported earnings last week, forecasting they could rise 30 to 40 percent within the next four years.