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Thread: The Beacon (D2, 99 years LH, Mapletree)

  1. #1
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    Default The Beacon (D2, 99 years LH, Mapletree)



    The Business Times
    July 11th, 2006

    Mapletree Investments’ one-off venture into residential property development, The Beacon in Cantonment Road, is almost sold out -just three weeks after its launch. While there has been little marketing fanfare since the 17th June preview, as of 6th July just eight of the 124 units were left.

    The Beacon, a 99 year leasehold project has 124 units in a 24 storey tower, consisting mostly two-bedroom units of between 807 - 1,109 sqft. The units are selling for S$600 - S$700psf, which is attractive for an area that is effectively part of the Central Business District.

  2. #2
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    Default Re: The Beacon (D2, 99 years LH, Mapletree)

    Anyone for the beacon?

  3. #3
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    Default Re: The Beacon (D2, 99 years LH, Mapletree)

    I am sure you know that the Beacon is surrounded by tall buildings on every side. That's why the price is still low compared to Icon. But good for rental yield, I would think.

    Surrounding buildings: Pinnacle HDB, Cantonment HDB, Cantonment Police station.

  4. #4
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    Quote Originally Posted by Unregistered
    I am sure you know that the Beacon is surrounded by tall buildings on every side. That's why the price is still low compared to Icon. But good for rental yield, I would think.

    Surrounding buildings: Pinnacle HDB, Cantonment HDB, Cantonment Police station.
    Hi, Anyone got any idea when Beacon will TOP? Would like to buy a 2 bedder unit to stay, preferably this year. thanks.

  5. #5
    Kenny3
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    Should TOP soon. They are just completing the swimming pool and putting in the interiors. I bought one unit on the day of launch, but sold it 1 year later. The layout is great and bedrooms huge, something you can't get in other developments. Only big minus is it is so close to the main road (noise) and surrounded by concrete monsters (Pinnacle). Still I really like the floorplans.

  6. #6
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    Default the beacon bad buy...

    the developers are shortchangng buyers of the beacon as the 99yr tenure started in 1997 whch effectively means there is only 88yrs (as of ths yr) left on the property. Anythng in excess of 1k psf for ths development is too ex as mre than a decade has already been cut off frm the tenure
    Quote Originally Posted by Kenny3
    Should TOP soon. They are just completing the swimming pool and putting in the interiors. I bought one unit on the day of launch, but sold it 1 year later. The layout is great and bedrooms huge, something you can't get in other developments. Only big minus is it is so close to the main road (noise) and surrounded by concrete monsters (Pinnacle). Still I really like the floorplans.

  7. #7
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    no wonder going for 750-800psf now.

    lease starts from 1997 means already 12 yrs gone! so imagine suddenly 10 yrs later it's considered "old" in terms of remaining least.

    rental wise, don't think worth it because opp pinnacle will definately cost much lesser to rent.

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    i was at first quite interested in the beacon, but looking at the launch date some 13 years into the 99 years lease, i was put off by it. location is attractive, but the remaining lease not ideal....900psf for such a project i would consider pricey...

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    My understanding from a couple of agents there is that the developer has topped up the lease. The first agent we spoke to didn't really know what was happening but then we spoke to a supposed Beacon "expert" who informed us that the lease had been topped up.

    Didn't buy in the end because apart from the 3 bedroom apartments which we quite liked, the 2 and 2+1 bedroom ones mostly had terrible facings. The 3 bedroom apartments however were far too expensive in terms of quantum although there were some good deals earlier in the year (below $700 psf).

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    are you sure the developer actually topped up the lease or the agent just talking about a maybe? i think the best is confirm with the developer or look at some form of documentary proof. if the lease is topped up for another 10 years or so, $700psf is a good buy. the 10 years can be used to collect rental without drastic drop in condo value...

    Quote Originally Posted by delft
    My understanding from a couple of agents there is that the developer has topped up the lease. The first agent we spoke to didn't really know what was happening but then we spoke to a supposed Beacon "expert" who informed us that the lease had been topped up.

    Didn't buy in the end because apart from the 3 bedroom apartments which we quite liked, the 2 and 2+1 bedroom ones mostly had terrible facings. The 3 bedroom apartments however were far too expensive in terms of quantum although there were some good deals earlier in the year (below $700 psf).

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