Results 1 to 10 of 10

Thread: Gilstead Two (D11, Freehold, SDB)

  1. #1
    Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default Gilstead Two (D11, Freehold, SDB)

    http://www.businesstimes.com.sg/sub/...91923,00.html?

    Published August 12, 2008

    M'sian developer SDB launches first project here; more to come

    By UMA SHANKARI


    MALAYSIAN property developer Selangor Dredging Berhad (SDB) is making a foray into Singapore, and the company is not about to be put off by the slowing economic environment.


    Ms Teh: Her company started marketing its Wilkie Road development, Jia, three weeks ago on both sides of the Causeway through private previews. Some 30-40% of the 22-unit development has been sold at around $1,600 psf.

    SDB, which is listed on Bursa Malaysia, has started marketing one high-end residential project on Wilkie Road here and hopes to launch another project by the end of the year.

    Managing director Teh Lip Kim admits that times are not good, but she believes that the projects will do reasonably well.

    'Singapore stands to benefit from what is currently viewed as political instability in Malaysia, Vietnam and Thailand,' Ms Teh said.

    SDB was incorporated in 1962 by Ms Teh's father, Teh Kien Toh. Originally a tin mining company, it began diversifying its business activities in the 1980s.

    When the then 31-year- old Ms Teh took over the helm in 1998, Malaysia was in the midst of the Asian financial crisis. She was forced to re-evaluate and to restructure the company's business activities and dispose of non-performing assets.

    This revamp led to the company changing its core business and since 2002, SDB has focused entirely on property. It has launched five residential projects in Malaysia so far, and also owns an office building and a hotel.

    The company started marketing its Wilkie Road development, called Jia, about a month ago in both Singapore and Malaysia through private previews. SDB bought the site for between $21 million and $22 million in December 2006.

    Some 30 per cent of the 22-unit development has been sold at prices of around $1,600 per square foot (psf) - mostly in Malaysia - SDB said. The project has two and three-bedroom apartments, as well as three penthouses.

    Next up is SDB's 66-unit development on Gilstead Road in Newton. The company bought Gilstead View in a collective sale in May last year for $96.5 million - or $1,070 psf of potential gross floor area - in what was said to be a new benchmark in the Newton area.

    The new development on the site will be launched in end-2008 or Q1 2009, Ms Teh said.

    SDB also owns a commercial property in Balestier and is on the lookout for more opportunities, she added.

    Most Malaysian developers baulk at entering the Singapore property market - mostly citing the off- putting high price of land here - but Ms Teh says that the high land prices are something that anyone who chooses to venture into a developed economy will have to live with in exchange for stability.

    'If you want to go to a place that is more progressive, one has to accept the high prices,' she said. After all, margins for developers in both Malaysia and Singapore are similar - around 18-20 per cent - Ms Teh said.

    Right now, SDB gets all of its revenue from Malaysia. But in five years' time, Ms Teh hopes that as much as 40-50 per cent of turnover will come from overseas, including Singapore.

    Other markets SDB is looking at include Thailand, Vietnam and Australia, but the developer wants to 'gets things right' in Singapore first, Ms Teh said.

  2. #2

    Default

    Brought to you by http://www.PropertyLaunch.sg
    New Launch Property coming to Gilstead/Newton Area



    Gilstead Two @ Gilstead Road



    Iconic Tower development in District 11 Newton Area
    An Iconic Distinction, A Landmark Attraction
    An High Quality Excellent Investment to Embark on


    1 Blocks of 34 Storeys
    consist of 2 bedrooms and Penthouse units

    2 bedrooms with PES: 1571 sqft
    2 bedrooms: 775 sqft
    2 bedrooms: 904 sqft
    4 bedroom (3 en-suites): 2283 sqft

    A 34 storey iconic tower totaling 110 Freehold units sitting on a 35,000 square feet of plot size, mainly made up of suited investable 2 bedroom and 4 bedroom Penthouse units. The orientation is designed such that every unit receive panoramic unblock view to either the City or Bukit Timah.

    Every unit is also designed with designer ambience lighting and art craft by David Hiscock, making every unit truly unique with style. Developer has achieved historical record of award-winning developments. By seeing the vicinity current growth and appreciation, Newton area hence has become one of the investment sector with good capital gains and rental yield.

    With a mere 5 minutes slow walk to Newton MRT now and only 2 mins when Newton interchange Downtown Line 2 is up in 2015, Gilstead 2 will definitely be rare freehold project in the city so near a MRT. This is definitely capital appreciation factor once the Downtown Line 2 is up.

    What's more! Gilstead 2 is within 1 km to many top primary schools like ACS Barker, ACS Primary School and Saint Joseph Institute Junior. For parents this is definitely a location to get your children into a top school. Together with the almost 24 hour availability of food, it will be difficult for your tenants, if you rent it out, to find such location again should they choose to move.

    TOP is expected at Year 2014 or earlier. Quantum should start from about 1.5mil up.

    Location is good, Development Facade is good, Freehold, near MRT, near good Schools, Price to Purchase.. What else has investors have in mind to safely park their funds into this development? This is definitely a property investors must buy.

    Located in super prime District 11 Newton Area
    Outstanding location at the very fringe of the City
    Impressive Iconic 34 Storey Modern Architectural high development
    Highest Investment Return Location in Newton
    Freehold development, Efficient layout.
    Each home features a unique art work by David Hiscock installed
    1st in Singapore - Modular dining table that swivels out from kitchen counter
    Prestigious and Glamorous Gilstead Address
    Convenient, walking distance to Newton Food Centre
    10 mins walk to Newton MRT Station
    New MRT Entrance @ Junction of Gilstead Road ready in 2015
    4 mins drive or 3 bus-stops to Orchard Shopping Belt
    5 mins drive to Novena Shopping Mall and Medical Hub
    8 mins drive to future Marina IR, Singapore Flyer and CBD
    1km within Anglo Chinese School Barker Road
    Highly sought after address in Singapore
    Near Future Art Entertainment, Esplanade and City Hall
    Close Proximity to SMU and many international institutes
    Easy access to Major Expressway, PIE
    Quality Finishes and branded appliances to every unit
    Highly rentable and popular location among expatriates
    High Capital appreciation and Rental Yield

    Call 6100 8090 / 97999 757 / 8181 1129 for enquiries
    Visit Glistead TWO here for details now


    Register yourself for all new projects updates and information in PropertyLaunch.sg - Your Singapore New Launch Property Resource and Info Site.
    Register yourself for all new project info and updates in Singapore
    www.propertylaunch.sg

  3. #3
    Newbie
    Join Date
    Sep 2009
    Posts
    1

    Default Gilstead 2

    What do you think of this project compared to Trilight? This is nearer the MRT (and MRT interchange eventually).

  4. #4
    Newbie
    Join Date
    May 2009
    Posts
    976

    Default

    How does the showflat compare to the one at Trilight? I have not seen G2 showflat as yet.

  5. #5

  6. #6
    Exalted
    Join Date
    Apr 2010
    Posts
    15,307

    Default

    about 70% sold as of today...

    plenty of planter boxes....775sqft feels like a 1+study with big balcony+planter

    around 2000psf on ave....limited facilities with a small 25X7m pool

    either facing east or west...

    location wise....very near MRT but along dunearn road.....

  7. #7

  8. #8
    Newbie
    Join Date
    Mar 2008
    Posts
    353

    Default

    was it gilstead two?

  9. #9
    Junior
    Join Date
    Jan 2009
    Posts
    1,035

    Default

    Listing for sale in property guru increased?
    Anyone following up on this project.

    Should be long way to TOP

  10. #10
    Banned CondoExpert.sg's Avatar
    Join Date
    Oct 2011
    Posts
    51

    Default Gilstead Two @ Newton (District 11, Freehold)

    Gilstead Two @ Newton (District 11)

    (Visit www.CondoExpert.sg or call Jonathan @ 8100-8004 for more information!)



    Summary

    Developer :
    Chedstone Investment Holdings
    Est. TOP : Mid 2014
    District :
    11 (Newton)
    Est. Quantum Price :
    From $1.74Mil Up
    Location :
    2 Gilstead Road
    No. Of Towers : 1
    Tenure : Freehold
    No. Of Storey : 34
    Site Area : 35,510 sqft
    No. Of Units :
    110
    Main Orientation : North-west/ South-east
    Units Composition :
    2 and 4 Bedrooms Distance to MRT : 5 Mins to Newton MRT
    Buyers Eligibility : Locals/PRs/Foreigners
    Payment Scheme : Normal Progressive
    Primary Schools within 1km : ACS Junior, St Joseph Instituition

    Unit Types and Sizes

    (No. of Units - Sizes (sqft))


    2 bedrooms with PES
    2 - 1517

    2 Bedrooms
    52 - 775

    2 Bedrooms
    54 - 904

    4 Bedrooms (3 en-suites)
    2 - 2830

    Total Units :
    110

    Facilities


    Water Terraces

    Swimming Pool
    Wading Pool Hydrotherapy Pool
    Children’s Playground
    Garden Lounge Fitness Station
    BBQ Pit
    Floating Gymnasium

    Swimming Pool



    Interior



    Site Map



    Location Map




    Visit www.CondoExpert.sg or call Jonathan @ 8100-8004 for more information on Gilstead Two as well as for other new launch condos!


Similar Threads

  1. 35 Gilstead
    By Arcachon in forum District 11
    Replies: 1
    -: 04-12-18, 23:28
  2. 35 Gilstead
    By grandeur in forum Marketplace
    Replies: 0
    -: 04-12-18, 02:27
  3. 35 Gilstead condo by Tee Land
    By SGPropertySales in forum Marketplace
    Replies: 0
    -: 22-11-18, 03:10
  4. Gilstead View sold for $96.5m
    By mr funny in forum En Bloc Achieved
    Replies: 4
    -: 28-05-07, 14:09
  5. Gilstead Brooks (D11, Freehold, Petesbury)
    By alibaba in forum District 11
    Replies: 0
    -: 04-10-06, 09:59

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •