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Thread: Queens Peak condo opens for preview this weekend

  1. #1
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    Default Queens Peak condo opens for preview this weekend

    http://www.businesstimes.com.sg/real...w-this-weekend

    Queens Peak condo opens for preview this weekend

    Launch date could be from end-October to November, depending on the demand perceived at the preview

    By Lee Meixian

    [email protected]

    @LeeMeixianBT

    Oct 21, 2016


    CHINESE-OWNED developer Hao Yuan Investment said on Thursday its latest condominium project, Queens Peak at Dundee Road, will open for preview from this Saturday.

    Hao Yuan said Queens Peak will be the first fully residential project to have seamless, above-ground connectivity to an MRT station. There are mixed-use developments such as North Park Residences that are similarly linked to MRT stations.

    "From the second storey of Queens Peak, residents will enjoy direct and sheltered access to the Queenstown MRT Station concourse, bypassing the street level pedestrian crowd," it said.

    The developer is undecided on the launch date, which could be from end-October to the month of November, depending on the demand that it perceives at the preview.

    Queens Peak will have a total of 736 units across two 44-storey towers which will be connected by a six-storey carpark as well as a Sky Terrace with lifestyle facilities on the seventh storey. Both residential towers will also have an additional Sky Terrace each clustered with lifestyle facilities on the 27th storey.

    One-bedroom units start from S$680,000, two-bedroom units from S$966,000, three-bedroom units from S$1.31 million, four-bedroom units from S$2.24 million and five-bedroom units from S$2.96 million.

    "Fifty per cent of the three-bedroom units will be below S$1.5 million," the developer said, pandering to buyers with limited purchase quantum appetites owing to loan curbs. "In per square foot (psf) terms, the price range will be between S$1,430 psf and S$1,830 psf."

    BT understands that the overall average price is S$1,630 psf.

    There are also four single-storey five-bedroom penthouses which will have private pools, jacuzzi and private roof terraces.

    R'ST Research director Ong Kah Seng expects "quite positive" demand from both owner-occupiers and investors.

    This is because the locality is popular among expatriate tenants and foreign professionals who are on limited housing allowances and are seeking a cost-effective city-fringe destination.

    This is, however, mitigated by substantial new private residential completions since 2014, which leave tenants spoilt for choice.

    Mr Ong finds the price a little steeper than usual for a city-fringe location, however. "Ideally, for Rest of Central Region localities, prices should not exceed S$1,500 psf and will likely see strong buyers' demand if priced at about S$1,350 to S$1,450 psf," he said.

    Post-TDSR (Total Debt Servicing Ratio), there are new appropriate price brackets for each region of new private home launches, as the framework constrains property loans quite significantly, he explained.

    The sales gallery and show suites are located at Dundee Road across Queenstown MRT Station. Queens Peak is expected to be ready for handover of units in December 2020. It is being marketed by SLP and Knight Frank.

  2. #2
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    Default 3 private projects on preview this weekend

    http://www.straitstimes.com/business...w-this-weekend

    3 private projects on preview this weekend

    Oct 21, 2016

    Spread across main regions and price points, they may offer fresh clues on state of market

    Wong Siew Ying


    Investors reading the tea leaves on the state of the private residential market can expect fresh clues to emerge this weekend with three new projects on preview.

    The trio are neatly spread across the main regions and price points, with boutique development 38 Jervois in the prime District 10, Queens Peak on the city fringe, and Parc Riviera in the suburbs.

    Going by brisk sales at recent launches Forest Woods and The Alps Residences, analysts expect home hunters to pick up smaller units again at upcoming projects.

    "The underlying demand is still there, but buyers are looking for value. It is still a play on unit sizes and overall quantum," said Mr Desmond Sim, head of CBRE Research for Singapore and South-east Asia.

    Consultancy Knight Frank said the encouraging sales at Forest Woods - near Serangoon MRT station and Nex shopping mall - on its first weekend "reflect a possibly new price acceptance level for projects with strong attributes".

    "There could be more interest for new project launches going forward, especially projects on the city fringes, where they present the dual attributes of close proximity to the city centre and lower prices compared with prime district projects," noted Knight Frank Singapore research head Alice Tan.

    The city-fringe project being previewed this weekend is Hao Yuan Investment's 736-unit Queens Peak in Dundee Road, which has direct access to Queenstown MRT station.

    Indicative average prices at the 99-year leasehold project range from $1,430 per sq ft (psf) to $1,830 psf, with starting prices ranging from $680,000 for a one-bedder to $2.96 million for a five-room unit.

    Hao Yuan Investment said yesterday that the project will be grouped into two collections - Botanic Collection, comprising one- to three- bedroom units from the eighth to 26th floors; and Skye Collection, with three- to five-bedders and single-storey penthouses from the 28th to 44th floors.

    Buyers with deeper pockets might look to freehold 38 Jervois being developed by Prominent Land. The preview will be held at The Luxe Art Museum in Handy Road.

    The 27-unit project has 21 one- to three-bedroom units and six penthouses, with an average price of $2,100 psf onwards, the developer told The Straits Times yesterday.

    Unit sizes range from 474 sq ft for a one-bedder to 1,098 sq ft for a two-bedroom plus study penthouse. Prominent Land said the starting price for a one-bedder is $1.08 million; for a two-bedder it is $1.48 million; and for a three-bedroom unit, it is nearly $1.81 million.

    It had acquired the site with a detached house at 38 Jervois Road from a person understood to be Mr Eng Fook Hoong in February last year for $25 million, or $1,686 psf.

    The mass market project to be previewed this weekend is the 99- year leasehold Parc Riviera in West Coast Vale by EL Development.

    The average price of units is expected to be about $1,250 psf, with a total of 752 units up for sale, about 64 per cent of which are one- and two-bedroom apartments.

    Market watchers expect these project launches to push new home sales past 1,000 units a month this month and next, but it is too soon to declare that the property market has turned a corner. "I think the trough is very near... the market will see a comfortable landing, but don't expect it to take off quickly. It's likely to be a U-shape recovery," said Mr Sim of CBRE Research.

    For investors looking for overseas exposure, CapitaLand is launching its latest Vietnam residential development in Ho Chi Minh City - D1Mension - at The St Regis Singapore tomorrow.

  3. #3
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    i haven't been commenting on new projects in quite awhile. took a look at the floor plan and found that it sucks big time.

    https://www.propertysales.sg/queens-peak-floor-plan/

  4. #4
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    Yah, but I think the main issue is small. The rest of layout problems have to do with size as well.

    Quote Originally Posted by bargain hunter View Post
    i haven't been commenting on new projects in quite awhile. took a look at the floor plan and found that it sucks big time.

    https://www.propertysales.sg/queens-peak-floor-plan/
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  5. #5
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    Quote Originally Posted by Kelonguni View Post
    Yah, but I think the main issue is small. The rest of layout problems have to do with size as well.
    that's the thing, already so small still so rip off.

    type c1: foyer is bigger than the living room and dining area. kitchen is a one line open concept non existent one. the 2 bedrooms only 1 single bed flushed to the window. TWO a/c ledges. 947 sq ft 3 bedder with all sorts of rubbish.

    correct me if i'm wrong but i can't see any area for washer/dryer. where do pple wash their clothes these days?

  6. #6
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    Yah. I think have to create space at balcony area for washer dryer.

    Quote Originally Posted by bargain hunter View Post
    that's the thing, already so small still so rip off.

    type c1: foyer is bigger than the living room and dining area. kitchen is a one line open concept non existent one. the 2 bedrooms only 1 single bed flushed to the window. TWO a/c ledges. 947 sq ft 3 bedder with all sorts of rubbish.

    correct me if i'm wrong but i can't see any area for washer/dryer. where do pple wash their clothes these days?
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  7. #7
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    Default

    Agree that type C1 layout is really poor. Have to move part of the kitchen to the foyer in order to make space for a proper dining table. They have to price this really low to attract buyers.

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