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Thread: On the market

  1. #1
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    Default On the market

    April 6, 2008

    On the market

    In this new weekly column, we bring you a sampling of properties up for sale around the island. In the spotlight this week and next: New project launches.



    Whitley Villas,
    freehold
    115 Whitley Road

    Units: Six semi-detached houses and two cluster bungalows

    Prices: $3.5 million for a semi-detached house, $4.5 million for each bungalow

    Launch date: Yesterday

    Developed by the Fortune Group, this series of two-storey houses, with attics, is located in an established residential area near the Catholic Junior College.

    The semi-detached units range in size from 2,895 sq ft to 3,024 sq ft.

    Also on offer are two cluster bungalows - one 4,219 sq ft and the other, 4,316 sq ft, in size.

    Inquiries: Mr Lawrence Chia, 9617-2884



    Huit Terraces,
    999-year leasehold
    6-10 Meng Suan Road

    Units: Eight terraces

    Prices: $2.3 million for corner units and $1.75 million for intermediate ones

    Launch date: Yesterday

    The main draw of these three-storey terrace houses is a private infinity pool on the second floor of each unit.

    The corner houses each have a land area of up to 3,162 sq ft, with a built-up area of up to 5,134 sq ft.

    The intermediate units each have a land area of 1,957 sq ft and a built-up area of 3,912 sq ft.

    Inquiries: Mr Lawrence Chia, 9617-2884



    East Coast Residences,
    freehold
    412 Upper East Coast Road

    Units: 59

    Prices: From $994 per sq ft (psf), averaging $1,125 psf. Monthly maintenance estimated at $225 to $360

    Expected launch date: April/May, but previews are ongoing now

    This project, near the Lucky Heights area, offers mainly smaller units, starting at 517 sq ft for a one-bedroom unit with a study and going up to 1,238 sq ft for the three-bedroom units.

    There are also 10 penthouses, from 1,378 sq ft to 1,679 sq ft in size. Floors are marble in the living and dining areas and timber in the bedrooms. Wardrobes, kitchen cabinets and ovens are provided.

    Inquiries: Mr Alan Koh, 9436-2262, or Mr Jeffrey Tan, 9452-5999



    Ventura View,
    freehold
    16 Rambutan Road, off Joo Chiat Place

    Units: 24

    Prices: $800 to $950 psf

    Launch date: This week

    Located near several well-known eateries, Ventura View offers a wide range of units, from studios starting at 397 sq ft in size to a four-bedroom penthouse that spans 2,286 sq ft.

    The project, by construction firm DJ Builders, comes with a swimming pool, a gym and barbecue areas.

    Inquiries: Call 8161-1234

    Next Week: New launches in the East Coast area
    Last edited by mr funny; 13-04-08 at 14:44.

  2. #2
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    Default Re: On the market

    April 13, 2008

    On the market

    In this weekly column, we bring you a sampling of properties up for sale. In the spotlight this week: New launches in East Coast area



    D'Fresco,
    freehold
    58 Joo Chiat Lane

    Units: 30

    Prices: From $800 to $950 per sq ft (psf)

    Launch date: Sometime this month

    A project by the HLH Group, D'Fresco features private lifts for all units as well as a swimming pool, spa pool and barbecue area. Two-bedroom units span 700 to 1,100 sq ft, three-bedroom units 1,500 to 1,700 sq ft, and four-bedroom penthouses 1,500 to 3,000 sq ft.



    Verte,
    freehold
    118 Lor H Telok Kurau

    Units: 32

    Prices: Average $912 psf

    Launch date: Yesterday

    Large apartments are on offer at Verte, where most units come in three- or four-bedroom sizes, ranging from 1,098 sq ft to 2,594 sq ft. There is also one townhouse that spans 2,756 sq ft. Developer Roxy Homes will provide some units with a pool and jacuzzi.

    Also on sale at the Verte showflat is The Azzuro, a nearby project that boasts mainly smaller units, starting from one-bedroom apartments at 646 sq ft in size. The average price is $801 psf.

    Both projects come with a pool, marble and timber floors, built-in wardrobes and kitchen cabinets.



    Chateau La Salle,
    freehold
    36 La Salle Street

    Units: Six cluster bungalows

    Prices: Average $3.3 million for each unit

    Launch date: Last Saturday

    Each two-storey bungalow comes with an attic as well as a basement carpark and a communal pool. Living and dining areas are fitted with imported natural marble tiles, while bedrooms have timber floors.


    Next week: Condominiums near MRT stations
    Last edited by mr funny; 13-04-08 at 14:40.

  3. #3
    Junior
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    Default Re: On the market

    I feel that landed properties are a better buy compared to condos. Somehow I don't feel comfortable about condos.

    Singapore is short of "land", not short of "space".

    Singapore has infinite "space", same as China or India or the US. Just a stroke of the pen, the URA can increase plot ratio to infinity.

    However, URA cannot increase "land" with just a stroke of the pen.

    So I think Huit Terraces, Whitley Villas and Chateau La Salle are more appealing.

    The Chateau La Salle looks interesting. The "Chateau" design also looks very beautiful. Looks like some European "Chateau". I like very much.

    Nowadays the in-thing appears to be cluster bungalows. You get the amenities of a condo plus the luxury of landed property living.

    The only problem is the price ... $3.3 million. Not cheap.

  4. #4
    joe
    Guest

    Default Re: On the market

    Of course landed is a better buy.

    But if you compare apple to apple, ie: in the same district and location, if you can afford the condo there you will most likely not be able to afford a landed house there.

    Many people can afford Bukit Timah condo, but landed house in same location?? A few times the condo price sia.

  5. #5
    Junior
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    Default Re: On the market

    I like the Chateau La Salle very much. The driveway goes under the swimming pool ... Cool !

    Since I don't have $3.3 million to spare, then I have to "imagine" that I live there.

    Below is my dog Millie licking my car as I drive out of the driveway.

    Last edited by jlrx; 16-04-08 at 22:10.

  6. #6
    Still Unregistered
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    Default Re: On the market

    Clustered housing is similiar to condo. You do not own the land. It is strata titled just like any other condo.

    You cannot paint your house differently, as and when you like, or undertake any changes to the external facade.

    It is simply a ground floor condo unit with another 3 storeys above and probably a basement below. The reason why it is call a bungalow, is simply because there is a 1.5m gap separating your wall against your neighour's.

    Real bungalow - you pay based on psf of land.
    Clustered bungalow - you pay based on psf of "built-in"? Actual land size is probabaly about 1500sq ft or even lesser???

  7. #7
    Junior
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    Default Re: On the market

    Quote Originally Posted by Still Unregistered
    Clustered housing is similiar to condo. You do not own the land. It is strata titled just like any other condo.

    You cannot paint your house differently, as and when you like, or undertake any changes to the external facade.

    It is simply a ground floor condo unit with another 3 storeys above and probably a basement below. The reason why it is call a bungalow, is simply because there is a 1.5m gap separating your wall against your neighour's.

    Real bungalow - you pay based on psf of land.
    Clustered bungalow - you pay based on psf of "built-in"? Actual land size is probabaly about 1500sq ft or even lesser???
    There are pros and cons of strata-titled cluster bungalows versus real bungalows

    Pros of cluster bungalows: facilities (unless it's those Good Class Bungalows with private pool, gym, tennis court and clubhouse but that'll cost a bomb); security guards (less prone to house break-ins, kidnapping and robbery like the Chiltern Bungalow case recently); no need to build it yourself and get your own architect, which can be quite troublesome.

    Pros of real bungalows: bigger land area (lower psf land price); better investment potential; more individualisation; more privacy; no need to pay hefty maintenance charges (which can be quite high in strata-titled bungalows because shared by much fewer units compared to condos, but still must get own gardener and maintain your own swimming pool - one pump spoilt can cost five-figures); can be very impressive like the following:


    A 2-storey luxurious bungalow with basement car parking, wine cellar, Western and Asian kitchen, home theatre room, art gallery, entertainment areas, a good size lap swimming pool, landscape garden, formal and family dining room and beautiful façade with stone claddings

    The price to pay for a nicely designed cluster bungalow like Chateau La Salle is that the actual land size is very small. You are right, normally 1,500 to 2,000 sf at most.

    So if investing in "land" potential, then better to go for real bungalows.

    The following Business Times article on 4 March 2007 gives a good write-up on cluster housing.

    The Business Times
    March 4, 2007
    More cluster housing projects in the pipeline

    Such strata-landed projects gain popularity as buyers zoom in on perks of shared facilities, basement parking


    By Fiona Chan

    LOOKING for the prestige of a landed home with the conveniences of condominium facilities?
    Cluster housing may be just the thing for you. These strata-landed developments are increasing in popularity as home buyers zoom in on the perks of communal living and move away from the notion that conventional landed homes are superior.
    Cluster homes come with strata titles rather than land titles. Currently, there are more than 3,000 cluster homes in Singapore, with more such projects coming on the market to cater to the growing demand.
    Yesterday, FortuneLand officially launched Milford Villas in BraddellHeights, with 13 cluster terrace units that will be completed in 2009.
    Two units have already been sold at a preview. Prices average $1.25 million for each unit, which will be between 2,500 and 3,000 sq ft.
    The boutique developer also plans to launch a cluster bungalow project in Dunsfold Drive off Braddell Road towards the middle of the month.
    Each of the 18 bungalows will be between 4,000 and 4,600 sq ft and boast its own private pool.
    Prices have not been finalised but are likely to be between $2.5 million and $3 million for each unit, sources said.
    Another nearby cluster terrace project, Marlene Ville in SerangoonGardens, has sold 11 out of 17 units since last October.
    The terrace units range in price from $1.25 million for an inter-terrace to $1.5 million for a corner unit.
    The Sunday Times also understands that Far East Organization, one of the biggest developers of landed homes in Singapore and a pioneer of cluster housing here, has a few more such projects in the pipeline.
    One is said to be a cluster bungalow site in Punggol. The developer will also be releasing its next phase of Greenwood terraces as a cluster development, probably later this year.
    So what makes cluster housing - which was first introduced here in 1993 and became more mainstream in 2000 - so popular?
    The main draw is the common facilities, says Mr Ku Swee Yong, the director of business development and marketing at Savills Singapore, which has marketed several cluster housing projects.
    These developments usually come with security guards, swimming pools, clubhouses and gymnasiums, which typical landed properties lack.
    Another big attraction is the basement carparks that are a key feature of cluster housing.
    'The advantage of strata housing is that underground carparks are not considered part of the gross floor area, so you can usually accommodate two cars per unit,' said Mr Ku.
    In contrast, most conventional terrace homes have enough space for only one car at most.
    Relegating carpark space to the basement also frees up space on the ground level for more spacious living, noted Colliers International in a report last year about cluster housing.
    However, it added that such homes also have their drawbacks. For one, owners lose some of the privacy and independence generally associated with landed homes.
    'Conventional landed homes... come with the freedom to pull down the entire landed structure and build to one's desire or make additions and alternations that may affect the external appearance,' Colliers said.
    'An owner of cluster homes would not be able to enjoy these perks due to the requirement to maintain some form of uniformity.'
    In some cases, however, giving up this privacy means lower prices for cluster homes, said market players.
    However, buyers must bear in mind that strata housing comes with added costs such as maintenance fees for the upkeep of the recreational and security facilities.
    Colliers estimates that these fees range from $250 to more than $400 per month, depending on the size of the development as well as the facilities available.

  8. #8
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    Default Re: On the market

    April 20, 2008

    On the market

    In this weekly column, we bring you a sampling of properties up for sale. In the spotlight this week: Condos near MRT stations



    The Parc Condominium, freehold
    #09-10, 5 West Coast Walk

    What it is: A 1,216 sq ft, three-bedroom apartment

    What it costs: $1.139 million, or $937 per sq ft (psf). The maintenance fee is estimated at $230 per month

    Nearest MRT: Seven to 10 minutes' walk from Clementi MRT Station

    This breezy sub-sale unit has views of the condo's pool and Clementi Stadium. The living room and master bedroom face south-east and the other bedrooms, north-east.

    Residents enjoy full condo facilities, including tennis courts and a 50m lap pool. The 659-unit project also has other units for sale, ranging from three-bedroom to five-bedroom units.


    Wilkie Studio Residences,
    freehold #04-01, 86 Wilkie Road

    What it is: A 1,873 sq ft three-bedroom apartment

    What it costs: $2.87 million, or $1,532 psf. The monthly maintenance fee is $488

    Nearest MRT: 12 minutes' walk from Dhoby Ghaut MRT Station

    The highlight of this spacious unit is a roof terrace complete with a jacuzzi. The kitchen is also fully equipped, with a fridge and a washer-dryer.

    Buyers can opt for deferred payments at this 40-unit project, which still has three duplexes and 17 three-bedroom units available. Seven have roof gardens. Prices range from $1,500 psf to $1,800 psf.



    The Quartz, 99-year leasehold
    Block 69 #08-36, 53 Compassvale Bow

    What it is: A 1,055 sq ft three-bedroom apartment

    What it costs: $738,000, or $699 psf. The maintenance fee is estimated at $190 to $260 per month

    Nearest MRT: Three minutes' walk from Buangkok MRT Station

    This apartment comes with expansive views and dry and wet kitchens with plenty of storage space.

    Full condo facilities are offered, including a 'floating clubhouse' overlooking the pools and sky gym.

    A wide range of three-bedroom units are available, from $529 psf.
    Last edited by mr funny; 21-04-08 at 18:36.

  9. #9
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    Default Re: On the market

    I heard The Parc Condo is FULLy SOLD out. But in the Clssified Ad, I saw an ad from CES advertising The Parc Condo for sales at developer price and with deferred payment.

  10. #10
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    Default Re: On the market

    how much is the developer price for the ones they relaunched for sale?

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