sunman from cbre?
sunman from cbre?
With haze looming till nov, will Principle Garden developer offers a good pricing?
Dun even have indicative pricing yet. Let alone discount talk. Hillview peak lah. Got discount there. How about Kalimantan property? Haze there is the worst. Suits the budget also.
Sep week 3 transactions just came out today. A couple of Alex Residences mid flr sold over 1.7k psf. Think this development gotta sell at 1.5k psf to make it a 'steal' or ~10% cheaper
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For those 1 bedders facing the canal, what is the proposed land use for the vacant land opposite the canal?
According to ura master plan, the plot of land between the canal and Alexandra rd would be used for residential. High rise probably, as max plot ratio is 3.5.
http://www.channelnewsasia.com/news/...r/2161402.html
The Urban Redevelopment Authority (URA) has launched the residential site at Alexandra View for sale by tender. The residential plot at Alexandra View is sitting right next to Redhill MRT station. The 90,417 sq ft 99-year leasehold site has a maximum gross floor area of 442,967 sq ft and could yield 400 units. It is zoned for residential with 1st storey commercial use. The tender exercise will close on November 12, 2015 at 12pm.
Based on URA caveat records in 2015 to date, the median price for comparable projects near the subject site is around $1,700 psf. However, as there is still a large balance of unsold units in the vicinity, the final selling price might fall on the conservative end of the range. In view of this, the bid price of the land is estimated to be in the region of $780 to $830 psf ppr.
http://www.theedgeproperty.com.sg/co...-and-sembawang
Last edited by MrTan; 30-09-15 at 23:31.
Looks like a lot of potential 1 and 2 bedders in this area coming online. Might greatly depress the rental yield.
Sinai wun be spared too. With rising interest, expect fire sale.
As per my earlier post on D3 upcoming supplies in http://forums.condosingapore.com/sho...s-coming-from:
Existing Stocks:
ALESSANDREA
105
ALEXIS
293
ASCENTIA SKY
373
CENTRAL GREEN CONDOMINIUM
412
MERAPRIME
213
QUEENS
722
REGENCY SUITES
84
TANGLIN VIEW
384
THE ANCHORAGE
775
THE METROPOLITAN CONDOMINIUM
382
THE REGENCY AT TIONG BAHRU
158
TWIN REGENCY
234
Total: 4135
It is quite a significant figure considering that new supplies is almost 80% of the existing stocks within the area of Queenstown-RedHill-TiongBahru stretch. To make it worse, alot of these development were launched within the same period
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You forgot the new one coming up at Dundee Road next to Commonwealth Towerrs. How many units that one?
About 700
Nice?
Can find more here --> http://principalgarden-uol.com/index.php/pictures/
So artist's impression nice real thing not nice? Just asking.
The canal so nice one meh? Maybe can provide free boat shuttle to city via the canal haa haa.
http://www.channelnewsasia.com/news/...g/2181228.html
Bookings for next big condo project Principal Garden to open next week
Market watchers have said that the response will help developers gauge buyer interest and decide when to release projects in the pipeline.
By Eileen Poh, Channel NewsAsia
POSTED: 09 Oct 2015 23:31 UPDATED: 09 Oct 2015 23:46
SINGAPORE: The languid private home market will see its first major launch since July when property giant UOL showcases its 663-unit Principal Garden condominium (condo) project at Prince Charles Crescent next week.
Market watchers have said that the response will help developers gauge buyer interest and decide when to release projects in the pipeline. The last big condo project, High Park Residences, which is in Sengkang, opened for booking in July.
UOL said it will offer 250 units in the first phase, priced at an average of S$1,600 per square foot. This is slightly lower than what units at a neighbouring project The Crest had gone for. The Crest was launched at around S$1,700 psf in July 2014.
UOL said units at Principal Garden will start from S$770,000 for a one-bedroom unit, $1.18 million for a two-bedroom unit and S$1.7 million for a three bed-room unit. It said it expects strong investor interest in Principal Garden due to its city-fringe location. More than 70 per cent of the units are one to two-bedroom units.
"Cities really have to compete for talent, there's no way out and likewise for Singapore," said Mr Liam Wee Sin, deputy group CEO for the UOL Group. "We think when we compete for talent, we will bring in this category of people who want to be leasing or staying in a place near the city. And that's where Principal Garden comes into place, we think this project with smaller units can cater to that category of people."
Principal Garden is also the first condo project to come on the market since the monthly income cap to buy executive condominium (EC) units was raised to S$14,000, from S$12,000 previously.
However, property watchers such as Chesterton Singapore managing director Donald Han said the change is unlikely to affect sales, since ECs are located in the suburbs, while Principal Garden is a higher-priced project with a city-fringe location.
- CNA/hs