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Thread: Calling all Livia owners

  1. #151
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    Quote Originally Posted by gohsoonk
    The huge plot of land is owned by CDL. It is broken up into 5 plots. Livia is on 1 plot. The next one will be launched behind Livia. Hence, there are 3 more plots and CDL can probably time to launch when they deem there is enough market demand.
    Can they really take their time if the lease is 99 years?

  2. #152
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    top up is cheap mah...i heard rumours they acquired the land like less den 100psf...hahahaha

  3. #153
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    Quote Originally Posted by gohsoonk
    The huge plot of land is owned by CDL. It is broken up into 5 plots. Livia is on 1 plot. The next one will be launched behind Livia. Hence, there are 3 more plots and CDL can probably time to launch when they deem there is enough market demand.
    means owners who shift in will have to face construction noise and dust for years since there will be 4 more projects?

  4. #154
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    Quote Originally Posted by blackpepperj
    means owners who shift in will have to face construction noise and dust for years since there will be 4 more projects?
    but prices likely to move up as well...so get those facing internal pool will be the best la. let ur neighbours shield the dust and noise for u

  5. #155
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    Quote Originally Posted by devilplate
    but prices likely to move up as well...so get those facing internal pool will be the best la. let ur neighbours shield the dust and noise for u
    agree on that.

    Livia comes with 2 tennis courts? Quite rare in new developments.

  6. #156
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    Yes. Dirt cheap. Even sell at 500psf...still make a lot.

    Heard that it was initially purchased as agricultural land (FH) decades ago. It was a long process to convert it to LH (residential).

    Quote Originally Posted by devilplate
    top up is cheap mah...i heard rumours they acquired the land like less den 100psf...hahahaha

  7. #157
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    True. Certain stacks will probably get it more than others for the time being.

    Quote Originally Posted by blackpepperj
    means owners who shift in will have to face construction noise and dust for years since there will be 4 more projects?

  8. #158
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    as what devilplate says, top up is really peanuts compared to the potential profit on launching at the right time.

    Quote Originally Posted by urban
    Can they really take their time if the lease is 99 years?

  9. #159
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    help.. i just bought a unit n wanted to join livia group @yahoo but can't get in..

  10. #160
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    Do pm me your email address.

    Quote Originally Posted by romeo
    help.. i just bought a unit n wanted to join livia group @yahoo but can't get in..

  11. #161
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    Quote Originally Posted by gohsoonk
    Do pm me your email address.
    Pm-ed.. hope to hear from u soon..

  12. #162
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    I have given you the reply. Welcome to the group!

    Quote Originally Posted by romeo
    Pm-ed.. hope to hear from u soon..

  13. #163
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    Default Pasir Ris EC site draws top bid of $262.62 psf

    Good support for LIVIA.



    Published October 22, 2010

    Pasir Ris EC site draws top bid of $262.62 psf

    By KALPANA RASHIWALA


    A 60-40 joint venture between NTUC Choice Homes Co-operative and Chip Eng Seng Corporation has emerged as the highest bidder for an executive condo (EC) site in Pasir Ris.

    Its bid of about $89.89 million works out to $262.62 per square foot per plot ratio (psf ppr) - just 0.6 per cent above the next highest bid of $89.33 million or $260.99 psf ppr from EL Development - in one of the most tightly contested state land tenders. The tender drew six bids.

    Choice Homes and Chip Eng Seng said yesterday that they intend to build an 18-storey, 320-unit project with full condo facilities. 'This will be the first EC to be offered in Pasir Ris since 2002,' they said.

    Breakeven cost for the project will be below $600 per square foot, they added.

    Credo Real Estate executive director Ong Teck Hui estimates that an EC development on the site could command an average selling price of about $650-700 psf if it were to be launched today.

    ECs are a hybrid of public and private housing.

    The plot, bounded by Pasir Ris Drive 1, Elias Road and Sungei Api Api, is flanked by Ris Grandeur on one side and Livia and NV Residences on the other. All three are private condos. NV Residences, which has 99-year leasehold tenure, was launched last month.

    CB Richard Ellis executive director Joseph Tan said: 'Given that 347 units were sold at NV Residences last month at a median price of $859 psf, there will be a market for this new EC project if it is priced at about 20-25 per cent below this level, given the restrictions on EC ownership, which are similar to HDB ownership rules.'

    Other bidders at yesterday's tender included a joint venture between Frasers Centrepoint unit Opal Star and Lum Chang Building Contractors ($251.49 psf ppr); and City Developments subsidiary Sunmaster Holdings ($240.71).

    A partnership involving Hoi Hup Realty, Sunway Developments and SC Wong Holdings bid $230.43 psf ppr, while Ecco Development placed the lowest bid of $178.22 psf ppr. Credo's Mr Ong said: 'The tender response for the Pasir Ris site was a shade better than that for a Punggol site last month in terms of price as well as bidder interest. This is probably due to Pasir Ris being a more mature and developed location. Also this is a less crowded sub-market since most of this year's EC sites have been concentrated in the north-east region, especially Sengkang/Punggol.'

    The bid price and interest level indicates the bidders' confidence that there will be sustained buyer interest in ECs, he added.

  14. #164
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    Quote Originally Posted by gohsoonk
    Do pm me your email address.

    help.. i can't join livia group @yahoo..
    can u help?

  15. #165
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    Talking

    woah, it's going to be crowded at pasir ris grove in future, hdb dwellers there will not welcome us..

  16. #166
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    Pm me your email address...

    Interestingly, the group is growing fast now since it is nearer TOP.

    Quote Originally Posted by Chris Tan

    help.. i can't join livia group @yahoo..
    can u help?

  17. #167
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    With the developments happening, there will be an enclave of private developments between Elias Road, Pasir Ris Dr 8, Pasir Ris Dr 1. Oasis@Elias is the odd one out though...

    Quote Originally Posted by romeo
    woah, it's going to be crowded at pasir ris grove in future, hdb dwellers there will not welcome us..

  18. #168
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    Quote Originally Posted by gohsoonk
    Pm me your email address...

    Interestingly, the group is growing fast now since it is nearer TOP.
    Hi, I have pm you my email liao. thx!

  19. #169
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    yeah.. more n more livians..

  20. #170
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    Livians will be the first to inhabit on that big piece of land...before the rise of the concrete jungle...the landscape will change significantly...

    I am pretty sure there will be a string of new businesses sprouting everywhere in Pasir Ris to cater to the group of new Pasir Ris residents...

    Doesn't make sense for residents to drive all over the island to hunt for nice alfresco dining over the weekend...

    Quote Originally Posted by romeo
    yeah.. more n more livians..

  21. #171
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    Jun 2010
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    hope there will be a new mall around..and future MRT near Elias

  22. #172
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    Quote Originally Posted by boon127
    hope there will be a new mall around..and future MRT near Elias
    there are so many EC gonna launch in Pasir ris , prices around 500 - 700psf. wouldn't it be much better to buy EC rather than Livia at 800psf ?

  23. #173
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    Actually, timing is cost opportunity. 5 years to open up to resale market is a cost opportunity.

    In terms of furnishings, there is a difference as well in general (if you observe)

    Quote Originally Posted by Lovelle
    there are so many EC gonna launch in Pasir ris , prices around 500 - 700psf. wouldn't it be much better to buy EC rather than Livia at 800psf ?

  24. #174
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    Quote Originally Posted by Lovelle
    there are so many EC gonna launch in Pasir ris , prices around 500 - 700psf. wouldn't it be much better to buy EC rather than Livia at 800psf ?
    investors like me cannot buy direct EC mah...

    its like y buy resale flats in punggol whrby u can buy BTO at much cheaper prices...

    the only EC which i can buy is Eastvale which is not cheap either...
    33 Pasir Ris Drive 3 #05-06
    99 Yrs From 26/06/1996
    $665
    1195
    $795k
    09 Sep 10
    39 Pasir Ris Drive 3 #04-01
    99 Yrs From 26/06/1996
    $692
    1098
    $760k
    06 Sep 10
    35 Pasir Ris Drive 3 #03-03
    99 Yrs From 26/06/1996
    $664
    1206
    $800k
    27 Aug 10
    37 Pasir Ris Drive 3 #06-01
    99 Yrs From 26/06/1996
    $692
    1098
    $760k
    18 Aug 10

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