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Thread: LUMA (D9, Freehold, Novelty Group)

  1. #1
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    Default LUMA (D9, Freehold, Novelty Group)

    6 River Valley Grove. Starting from $3000 psf.

    75-units, 27 storeys.

    TOP June 2011.

    25 units of studio, 743sf.
    25 units of 2 bedroom, 904sf.
    25 units of 2 bedroom, 1173sf.

  2. #2
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    Default Re: LUMA (D9, Freehold, Novelty Group)
























  3. #3
    Unregistered
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    is this project priced correctly? 3k psf in river valley?

  4. #4
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    Thumbs up Re: LUMA (D9, Freehold, Novelty Group)

    The design look like BLVD! Cool

  5. #5
    arthur
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    The tallest building in River Valley Grove.

  6. #6
    arthur
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    Quote Originally Posted by Unregistered
    The design look like BLVD! Cool
    no leh, BLVD has 2 Sky Gardens.

  7. #7
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    Quote Originally Posted by Unregistered
    is this project priced correctly? 3k psf in river valley?
    River Valley Grove is actually next to Leonie Hill, where prices are $3000 psf and up.

    Really envy those 2RVG owners who bought at launch!

  8. #8
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    Quote Originally Posted by Unregistered
    River Valley Grove is actually next to Leonie Hill, where prices are $3000 psf and up.

    Really envy those 2RVG owners who bought at launch!
    We see new benchmarks each launch. $3000psf for River Valley is surely a first!

  9. #9
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    $3000 psf River Valley. Sheer folly? Or sign of things to come?

  10. #10
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    any sales done? i wonder who is biting.

  11. #11
    Any complaints please PM me
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    Thursday, June 21, 2007

    'Uber-premium living' with price to match

    Coming to River Valley at above $2,500 psf

    Christie Loh
    [email protected]

    Hoping to ride the current property wave, developer Novelty Group will soon launch a River Valley project that is asking for around double the prices in the area.

    Named Luma, the 75-unit freehold development will be priced at above $2,500 per square foot (psf) when launched next month, said Novelty's chief operating officer Manoj Kalwani.

    That would surpass the nearby 2RVG, which sold for about $1,100 psf of late, according to caveats lodged. A condo at Ardmore Park recently fetched around $2,100 to $2,600 psf.

    "To justify a doubling of the price, the developer needs to have something very special," said Knight Frank's research director Nicholas Mak.

    Novelty believes its brand-name imported finishes will call out to "connoisseurs" of "uber- premium living". Some agents were so bullish as to market Luma at $3,015 psf.

    Luma, meaning "shrubs of small trees with evergreen foliage", sits on the land of the razed 50-unit Eng Tai Mansion, which was sold collectively for $810 psf late last year. The new development comprises 27 floors of one- and two- bedroom units of 743 sq ft to 1,173 sq ft each.

    "It's for anyone with money and who appreciates the finer things in life," said Mr Kalwani.

    Targetting the super rich has become the norm, said Cushman and Wakefield's managing director Donald Han. To come up with fresh ideas, developers have been travelling to fashion capitals to suss out novelties, he added.

    The latest to hit the market with a unique feature is The Marq on Paterson Hill by SC Global Developments. The builder said yesterday that it expected an average $4,000 psf for the 66-unit freehold project, which is marketed as "ultra luxurious" with a Singapore-first a 15m private heated lap pool jutting out of every apartment.

    Should anyone buy the biggest units each around 6,195 sq ft for up to $30 million as SC Global hopes, the selling price would work out to a record $4,843 psf. That would beat the benchmark set last month, when someone paid $4,653 psf or $28 million for a penthouse at St Regis Residences along Tanglin Road.

    But records these days tumble fast. The latest peak was reached shortly after a unit at Parkview Eclat at Grange Road fetched the then-record $4,200 psf.

    But not everyone hits the headlines. "It is easy to say I'm gonna sell at X dollars, but not everyone can do it. You need to have the right developer's acumen and branding. You must have the track record and the snob appeal," said Mr Han.

  12. #12
    andyttm
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    Just heard that a unit was transacted at $3300 plus per sq ft.

  13. #13
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    wow thats amazing, lumos and lpv should up their remaining units to at least 4000psf in that case....

  14. #14
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    Quote Originally Posted by condoinvestor
    wow thats amazing, lumos and lpv should up their remaining units to at least 4000psf in that case....
    That's ridiculous pricing. Avoid...

  15. #15
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    Cool Re: LUMA (D9, Freehold, Novelty Group)

    I think it is expensive. better stay in HDB and go to a public pool for a swim

  16. #16
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    Smile Re: LUMA (D9, Freehold, Novelty Group)

    Actually, I think all the boutique developments in the Grange belt and some in the Leonie Hill Rd (ones nearer to Taka) will hit S$4,000 psf by end of this year.

  17. #17
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    Will this high price spread to the main river valley areas?

  18. #18
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    Quote Originally Posted by unregistered
    Actually, I think all the boutique developments in the Grange belt and some in the Leonie Hill Rd (ones nearer to Taka) will hit S$4,000 psf by end of this year.

    Grange road can hit $4000 but leonie cannot lah.

  19. #19
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    Any info on how well this condo is selling?

  20. #20
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    Wink Re: LUMA (D9, Freehold, Novelty Group)

    why they named the project Luma???

  21. #21
    st8800
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    Luma is currently being launched in Hong Kong for 3400 psf.

  22. #22
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    Quote Originally Posted by Unregistered
    why they named the project Luma???
    sounds like a vulgar expression in dialect

  23. #23
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    Quote Originally Posted by st8800
    Luma is currently being launched in Hong Kong for 3400 psf.

    At that price, I will take Parkview eclat lah more luxurios at more prestigious Grange road and tanglin area.

    Luma is at river velley....different class for sure.

  24. #24
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    Quote Originally Posted by Unregistered
    At that price, I will take Parkview eclat lah more luxurios at more prestigious Grange road and tanglin area.

    Luma is at river velley....different class for sure.
    Different class but catching up.

    Luma will sell because each unit's quantum amount is far less than Parkview Eclat. At Luma, we're talking about small 1, 2 bedrooms. At Parkview, we're talking >2000 sqft type of units. So the quantum amount is much different.

  25. #25
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    HDB 4-room flat at Kim Tian is of better value.

  26. #26
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    Quote Originally Posted by Unregistered
    HDB 4-room flat at Kim Tian is of better value.
    Above ^^ is a totally nonsensical statement that contributes zilch to the value of this thread.

  27. #27
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    Our HDB flats are of good quality. Look at Kim Tian Place, high floor units all have sea view or CBD view. Just wonder what sort of view can Luma offer?

  28. #28
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    Wink Re: LUMA (D9, Freehold, Novelty Group)

    Quote Originally Posted by Unregistered
    Our HDB flats are of good quality. Look at Kim Tian Place, high floor units all have sea view or CBD view. Just wonder what sort of view can Luma offer?
    HOW MUCH IS YOUR HDB FLATS COST??

    $3000 psf???

  29. #29
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    precisely, much cheaper than that and better value. HaHaaa!!11

  30. #30
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    Default Re: LUMA (D9, Freehold, Novelty Group)

    Dont be a joker to give such comparison! People is starting a thread for D09 property n you r comparing it with a HDB flat??!! Its of different league my friend, so wat if its offer a better view???????? No offence.

    Just my 2cents worth.

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