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Thread: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

  1. #1
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    Default Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Kalpana Rashiwala

    Tue, Feb 19, 2008

    The Business Times

    Modest weekend sales at Waterfront Waves



    IN A bellwether post-Budget property launch, Frasers Centrepoint and Far East Organization sold 20 units at the weekend at their Waterfront Waves condo fronting Bedok Reservoir. The project was officially launched at the weekend with the start of an advertising campaign.

    The sales brought the total sold so far at the 99-year leasehold project to 100 units, including 80 sold earlier after the condo was soft launched around mid-January. So far, 180 units at the 405-unit development have been released.

    The average price currently for the entire development is $750 per square foot after discounts, with the spread ranging from around $650 psf to $930 psf. However, for the 100 units sold so far, the average achieved is $801 psf, as they are among the better-facing units. About 85 per cent of buyers of the 100 units are Singaporeans and 35 per cent have existing HDB addresses.

    Property industry watchers were keeping an eye on Waterfront Waves for an indication of buying sentiment after Friday's Budget.

    Some developers hoped the Budget would boost buyer confidence, paving the way for them to go ahead with launches they had held back because of sentiment dented by the stock market plunge and sub-prime woes.

    While the 20 sales at the weekend seem modest, Frasers Centrepoint assistant general manager (sales & marketing) Elson Poon said the result was 'within our expectations in view of current market sentiment'.

    'People are still cautious when it comes to making big-ticket purchases,' he added.

    The project's pricing may have been a factor, market watchers reckon.

    Mr Poon confirmed that the $801 psf average price achieved for the 100 units is a new high for a condo launch in the Bedok Reservoir area. Three-bedroom units at Waterfront Waves cost between $880,000 and just over $1 million.

    Giving his take on the outcome for the maiden launch post-Budget, CB Richard Ellis executive director (residential) Joseph Tan said: 'The buying mood is still cautious. But if you're expecting a price correction, it may not happen for a while. The bulk of unlaunched projects are held by mainstream developers. They have the capacity to hold and control prices.'

    Another property consultant said: 'If there's any price drop it may be started by smaller developers, who usually try not to hold. As long as they can make money, they'll let go.'

  2. #2
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    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Lynette Khoo

    Mon, Jan 21, 2008

    The Business Times

    Waterfront Waves enjoys brisk sales

    DEFYING wide consensus of a more subdued private property market here amid US sub-prime woes, house hunters bought half the 120 units launched over the weekend at Waterfront Waves.

    The project, near Bedok Reservoir, is a 405-unit condominium jointly developed by Far East Organization and Frasers Centrepoint (FCL).

    The average price achieved for the 60 units sold was $750-800 per square foot (psf), with one unit fetching the highest price of $874 psf.

    "Waterfront Waves has this exclusive product differentiation - it is one of the last developments with direct view of the Bedok Reservoir," said Cheang Kok Kheong, chief operating officer of Frasers Centrepoint Homes.

    The private preview of the Waterfront Waves over the weekend drew a good turn-up of close to 1,000 people.

    Giving the breakdown on the profile of the buyers, Mr Cheang noted that 30 per cent of them have HDB addresses and 70 per cent have private addresses. Most of them indicated that they were looking to stay in the new units.

    Located near the Bedok Reservoir and less than two minutes from the Pan Island Expressway, the condominium is slated for completion in 2010 with construction work likely to start by the third quarter of this year.

    Mr Cheang said he does not see a softening of property market sentiment as the sub-prime problem will likely blow over in another six months to one year.

    "There is still strong demand for the entry-level private property market in selected areas with quality living standards," said Mr Cheang.

    With three of the nine blocks at Waterfront Waves already launched, FCL is now looking to launch a few more blocks this weekend.

  3. #3
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    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Nov 21, 2007

    Waterfront condos coming up at Bedok Reservoir

    By Fiona Chan, Property Reporter


    WATER FRONTAGE: The first of the four projects, Waterfront Waves, may fetch prices of up to $850 psf, says Mr Ku. -- PHOTO: FRASERS CENTREPOINT

    FOUR condominiums will be built where the former Waterfront View estate in Bedok Reservoir Road used to be.

    The first will be launched in the first quarter of next year, said developers Frasers Centrepoint and Far East Organization yesterday.

    It will be called Waterfront Waves and have 405 units, of which more than half will be three- and four-bedroom apartments. More than 60 per cent of the units will also have reservoir views, the developers added.

    The Straits Times understands that the other three condos will also have 'Waterfront' in their names and are likely to be of similar sizes.

    Together known as the Waterfront collection, the four-condo development is the largest in the area to have a direct water frontage, the developers said. In all, it could have 1,600 units.

    The developers are also in talks with the Public Utilities Board about 'enhancing the neighbourhood's communal parks and water bodies'.

    Although property consultants will not disclose prices for Waterfront Waves, they believe prices may start from $700 per sq ft (psf).

    Mr Ku Swee Yong, director of marketing and business development at Savills Singapore, said units on lower floors with no water views could fetch that price.

    On higher floors, prices could go up to $850 psf, he added.

    Frasers Centrepoint and Far East jointly bought the former HUDC site last year for about $240 psf of gross floor area.

  4. #4
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    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Bedok reservoir
    Attached Images Attached Images

  5. #5
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Where have all the posts disappeared?

  6. #6
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Quote Originally Posted by Unregistered
    Where have all the posts disappeared?
    as most of the posts are towards negative feel for the property market, someone who invested a lot in properties hacked into system and delete them all, hoping to stop people from reading them....

  7. #7
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Waterfront waves:

    Too expensive.
    Nothing special.

  8. #8
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    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)


    Baywater


    The clearwater


    Aquarius by the park

  9. #9
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)


  10. #10
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Quote Originally Posted by hayata1972

    Baywater


    The clearwater


    Aquarius by the park
    The pictures are very nice, but other than that, can you tell us what are benefits of buying a condominium in bedok reservoir?

  11. #11
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    Apr 2007
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    152

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)


    Waterfront waves location.

    Waterfront waves location.

    Bedok reservoir

    Bedok reservoir.
    Last edited by hayata1972; 12-03-08 at 19:06.

  12. #12
    Join Date
    Apr 2007
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    152

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)


    Morning @ bedok reservoir

    Daytime @ bedok reservoir

    Cycling @ bedok reservoir

    Wakeboarding @ bedok reservoir

    A MORE RECREATIONAL BEDOK RESERVOIR
    Residents of Bedok can look forward to a different Bedok Reservoir come 2008. Together with NParks, PUB has exciting plans lined up to transform Bedok Reservoir into a playground for both land and water activities.
    Street lamps, plants and a new fishing deck are just some of the features that have been introduced at the reservoir. Other developments in the pipeline include more prominent signs leading into the reservoir, a new car park, a new boat launching slipway as well as enhanced link from Bedok Estate to the reservoir.
    And that's not all. To enhance the Bedok Reservoir for international and community events, a floating viewing gallery and a scating gallery for spectators of outdoor performances could well become reality.
    By Lawrence Foo
    Last edited by hayata1972; 12-03-08 at 19:14.

  13. #13
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    Apr 2007
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    152

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    SDBA Master Series 2008
    Dates:6th April 2008, Sunday 9am to 5pm
    25th May 2008, Sunday 9am to 5pm
    20th July 2008, Sunday 9am to 5pm
    21st September 2008, Sunday 9am to 5pm
    19th October 2008, Sunday 9am to 5pm
    9th November 2008, Sunday 9am to 5pm
    Venue:Bedok ReservoirDocuments:Entry Rules
    Additional Rules
    Registration Form
    Announcement 2 (2 Mar 2008)
    Menís Category Participation List:

    1) Peopleís Association Water-Venture
    2) Australian Chamber of Commerce
    3) Seahawk Sports Club
    4) Ngee Ann Polytechnic
    5) NTUC Club
    6) Singapore Institute of Management
    7) Nanyang Junior College
    8) Mountbatten Constituency Sports Club
    9) Republic Polytechnic
    10) Temasek Polytechnic
    11) Canadian Association of Singapore
    12) ITE
    13) Singapore Polytechnic
    14) Naynayng Technological University
    15) Singapore Civil Defence Force

    Womenís Category Participation List:

    1) Australian Chamber of Commerce
    2) Ngee Ann Polytechnic
    3) NTUC Club - Team A
    4) NTUC Club - Team A
    5) Singapore Institute of Management
    6) Republic Polytechnic
    7) Canadian Association of Singapore
    8) ITE
    9) Singapore Polytechnic

    [Updated on 9 Mar 2008]


    Announcement 1 (12 Feb 2008)
    The Singapore Dragon Boat Association successfully launched the SDBA Master Series for men in year 2007. A total of 20 teams competed in the 5 Series.

    This year the Singapore Dragon Boat Association will also launch the SDBA Master Series 2008 for women in conjunction with the Menís SDBA Master Series 2008 at Bedok Reservoir on:

    1) 30th March 2008, Sunday 9am to 5pm.
    2) 25th May 2008, Sunday 9am to 5pm.
    3) 20th July 2008, Sunday 9am to 5pm.
    4) 21st September 2008, Sunday 9am to 5pm.
    5) 19th October 2008, Sunday 9am to 5pm.
    6) 9th November 2008, Sunday 9am to 5pm.

    Please note that the times are tentative.

    The distance of the race is 500 meters.

    For the women category it will be a 10-crew dragon boat event but the women will race in a 20-crew dragon boat.

    A maximum of 30 crews will participate in each series on which the format of the race will be based.

    Each participating team will be charged a nominal fee of S$600.00 up front for the menís category and S$300.00 up front for the womenís category for the whole SDBA Master Series 2008 with no refund if a team misses one Series or terminates its participation after having started.

    The best of 5 Series will count towards the total points after the completion of the Series in November 2008 taking into consideration that some teams may miss a Series owing to other commitments.

    A SDBA Master Series Challenge Trophy will be up for grabs for the team with the highest total points as well as cash prize of S$3,000.00 for the menís category (1st Position) and S$1,500.00 for the womenís category (1st Position) at the conclusion of the Series in November 2008.

    To encourage Corporates, Junior Colleges and Secondary Schools to participate in the SDBA Master Series 2008 they may join forces by sending a combined Corporate Team, Junior Colleges or Secondary Schools to compete in the Series.

    Attached are the:

    1) SDBA Master Series 2008 Entry Rules
    2) SDBA Master Series 2008 Additional Rules
    3) SDBA Master Series 2008 Registration Form

    Please note that the closing date is on 8th March 2008, Saturday.

    We look forward to your support and participation to make the SDBA Master Series 2008 as successful as in 2007.

    Thank you.

    Updated on 1 Mar 2008

  14. #14
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Means traffic jams,noise,littering,pollution.

  15. #15
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Quote Originally Posted by hayata1972

    Morning @ bedok reservoir

    Daytime @ bedok reservoir

    Cycling @ bedok reservoir

    Wakeboarding @ bedok reservoir

    A MORE RECREATIONAL BEDOK RESERVOIR
    Residents of Bedok can look forward to a different Bedok Reservoir come 2008. Together with NParks, PUB has exciting plans lined up to transform Bedok Reservoir into a playground for both land and water activities.
    Street lamps, plants and a new fishing deck are just some of the features that have been introduced at the reservoir. Other developments in the pipeline include more prominent signs leading into the reservoir, a new car park, a new boat launching slipway as well as enhanced link from Bedok Estate to the reservoir.
    And that's not all. To enhance the Bedok Reservoir for international and community events, a floating viewing gallery and a scating gallery for spectators of outdoor performances could well become reality.
    By Lawrence Foo
    Wow, well done my man.

  16. #16
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    How is the movement for the waterfront waves collections? Any statistics?

  17. #17
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Quote Originally Posted by Unregistered
    Means traffic jams,noise,littering,pollution.
    poor project and expensive. nobody will buy one lah.

  18. #18
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Quote Originally Posted by Unregistered
    The pictures are very nice, but other than that, can you tell us what are benefits of buying a condominium in bedok reservoir?

    No benefits. No MRT.. Dont buy.

  19. #19
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    to be honest, i think stay east coast better and if i want to stay near a reservoir, macritchie may be a better choice!

  20. #20
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Waterfront waves has been selling well inspite of these jokers giving one liner remarks. Seems to me that within this forum, there seems to be protective instincts within each different developments. Even though the market is not very good right now, being childish and putting in silly remarks does not help in your sales. Lets be more matured and have a intellectual discussion about our condos alright?

  21. #21
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    http://www2.nationproperty.com.sg/np...d_private.aspx
    http://www2.nationproperty.com.sg/np...d_private.aspx
    These are some of the Dist 16 properties transacted for the month of DEC 2007 and early JAN 2008.

  22. #22
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Why give us the address to nationproperty? What does it show?

  23. #23
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Wow, 1313sqf unit in waterfront waves transacted for 875psf on early january. Check out the lastest transacted prices in nationproperty.

  24. #24
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Waterfront waves is still moving well. Kudos to Waterfront waves!

  25. #25
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    How many units have been sold so far? Anyone with this info?

  26. #26
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Quote Originally Posted by Unregistered
    Wow, 1313sqf unit in waterfront waves transacted for 875psf on early january. Check out the lastest transacted prices in nationproperty.
    You mean price dropping. I saw transactions above 900$ earlier.

  27. #27
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Quote Originally Posted by Unregistered
    You mean price dropping. I saw transactions above 900$ earlier.
    this is a comment that just shows how much you understand abt the pricing of properties.. dont you realise that some units command a higher psf cause of many factors?! moron

  28. #28
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    hahahah

    sour grapes eaters are back again

    they are all over the whole forum

  29. #29
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Quote Originally Posted by Unregistered
    hahahah

    sour grapes eaters are back again

    they are all over the whole forum
    You call us the sour grapes, we call you the idiots. May you speculators all go jump into the bedok reservoir.

  30. #30
    Unregistered Guest

    Default Re: Waterfront Waves (D16, 99 year LH, Frasers Centrepoint / Far East Organization)

    Quote Originally Posted by Unregistered
    You call us the sour grapes, we call you the idiots. May you speculators all go jump into the bedok reservoir.
    haha u think we fools are

    you ask us to jump we go jump

    who you think you are

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