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Thread: Concourse Skyline (D7, 99 years leasehold, Hong Fok)

  1. #211
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    Quote Originally Posted by tkc2263
    I would like to correct this statement I made.

    Those units having views of Kampong Glam and beyond costs $800 psf less than those facing the IR/City View and the Kallang Basin View...essentially the best and the not so good views.

    My apologies.
    Wow.. Can the rental be 50% higher for View and without view?

  2. #212
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    Quote Originally Posted by focus
    Wow.. Can the rental be 50% higher for View and without view?
    When the japanese army beheaded the locals and put them on the fence, i think the heads were also facing kampong glam view

  3. #213
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    1 unit sold at 1697psf. way below the 2515psf record

  4. #214
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    Quote Originally Posted by bargain hunter
    1 unit sold at 1697psf. way below the 2515psf record
    When?

    Interestingly, I checked the caveat lodged on Realis, the last transaction for this project was in Dec 2011 and all subsale. The last new sale for this project goes all the way back to Oct 2011. That is almost one year of no sale.

    That aside, the view from 38th floor is fantastic though.

  5. #215
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    recorded on the URA new sales site for the month of jul. look out for the caveat in the next month or so.

    Quote Originally Posted by iridrium
    When?

    Interestingly, I checked the caveat lodged on Realis, the last transaction for this project was in Dec 2011 and all subsale. The last new sale for this project goes all the way back to Oct 2011. That is almost one year of no sale.

    That aside, the view from 38th floor is fantastic though.

  6. #216
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    Progress at this site is still very slow. 76 Shelton is really fast.

  7. #217
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    Smile

    Next new hot zone !!!
    FORWARD Land yesterday emerged as the highest bidder in a state tender for a plot at the corner of Jalan Sultan and Victoria Street.

    The offer for the 0.84 hectare site, zoned for hotel development or commercial and residential development, came from the Choo family, which has a stable of hotel brands that include Hotel 81, Value and V.

    Its bid of $331.34 million, or $993.71 per square foot per plot ratio (psf ppr), pipped the one from a Hoi Hup-Sunway tie-up, which at $303.68 million ($910.77 psf psf ppr) was 8.3 per cent lower.

    The tender drew nine bids in all.

  8. #218
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    One unit sold at $1897psf by developer.
    I think the units may start to move when southbeach n duo residences launch.
    Those are above $3k psf.

  9. #219
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    so cheap in 2009

    2012-12-14 #XX-XX 786sqft 1,591psf 2009-04-21 1,035psf $437,016 1,333 12.5
    Ride at your own risk !!!

  10. #220
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    Last edited by mcmlxxvi; 10-02-13 at 16:52.

  11. #221
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    They had reached the highest floor and is fixing the cladding now.

  12. #222
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    Quote Originally Posted by Adva181
    They had reached the highest floor and is fixing the cladding now.
    Amazing speed. There was barely any action like 1 yr back.

  13. #223
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    Thumbs down

    Quote Originally Posted by mcmlxxvi
    Amazing speed. There was barely any action like 1 yr back.
    Amazing FIRE also



    Published on Jan 30, 2013
    11:41 AM
    By Ng Jing Xian

    A fire broke out at Concourse Skyline condominium construction site along Beach Road on Wednesday morning. No injuries were reported.

    The fire started just before 10am and cafe patrons at The Concourse next door reported seeing thick black smoke billowing from the top floors of the development.

    It is understood that the fire was triggered by sparks from a cutting process igniting a chemical material. It was put out by workers on site.

    A Singapore Civil Defence Force fire engine and ambulance were deployed to the site, but the fire was already extinguished when they arrived.

  14. #224
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    Update 25th July 2013.


    DSC01249 by AzeoP, on Flickr

  15. #225
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    Undergoing painting works?
    click: 🏢shoeboxmickeymousehouse 🏢

  16. #226
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    Still it is very slow for a project that was launched in 2008.

  17. #227
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    No painting, external wall is cladded.

    Ya, super slow... Zzzzz

  18. #228
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    Which one slower...this or Aristo at Amber?
    click: 🏢shoeboxmickeymousehouse 🏢

  19. #229
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    To be fair, they only start building it in 2010.
    When they start marketing it in 2008, the retail podium is still occupied by tenant.

    Just like when they launch 76 shenton in 2010, they only tear down n start building in 2012.

  20. #230
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    Quote Originally Posted by mcmlxxvi
    Which one slower...this or Aristo at Amber?
    definitely aristo.... which is like taking forever... 4 years for a single tower is un-comprehensible...

    flashback to mar 2009 when i was at aristo showroom with check nearly hoot the 646sqft mid floor. If i did, my neck would have been the longest around! and renting from others would have go on & on & on....

    nevertheless congrats to those who bought during that period, easily sitting on a very healthy profit margin (50% minimum)...

  21. #231
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    Quote Originally Posted by astroboy8681
    definitely aristo.... which is like taking forever... 4 years for a single tower is un-comprehensible...

    flashback to mar 2009 when i was at aristo showroom with check nearly hoot the 646sqft mid floor. If i did, my neck would have been the longest around! and renting from others would have go on & on & on....

    nevertheless congrats to those who bought during that period, easily sitting on a very healthy profit margin (50% minimum)...
    2009 launch?? The bca building plan dtd 2006!!!!!!!!
    click: 🏢shoeboxmickeymousehouse 🏢

  22. #232
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    Passby today and saw them dismantling the tower crane.

  23. #233
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    Default Delay and zero communication

    Although the development looks ready they are now 56 days past the committed TOP date. I bought in this development and am very disappointed about the delay.

    My biggest issue is that the developer is not providing ANY substantial information after requests for information through my lawyer. I would expect in these cases a developer proactively informs buyers on what is going on. When asking when it is expected they will be ready to hand over keys instead of giving a rough timeline they say "after we have notified you of vacant possession" yes thank you I could come up with that myself too!

    Sure there are liquidated damages stated in the contract but really at some point there must be a breach of contract? They are failing to deliver.

    Any thoughts on the forum on this?
    Are there any buyers here that face the same issues with The failings of Hong Fok?

    Slightly frustrated,
    Robert

  24. #234
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    Quote Originally Posted by Robert-v View Post
    Although the development looks ready they are now 56 days past the committed TOP date. I bought in this development and am very disappointed about the delay.

    My biggest issue is that the developer is not providing ANY substantial information after requests for information through my lawyer. I would expect in these cases a developer proactively informs buyers on what is going on. When asking when it is expected they will be ready to hand over keys instead of giving a rough timeline they say "after we have notified you of vacant possession" yes thank you I could come up with that myself too!

    Sure there are liquidated damages stated in the contract but really at some point there must be a breach of contract? They are failing to deliver.

    Any thoughts on the forum on this?
    Are there any buyers here that face the same issues with The failings of Hong Fok?

    Slightly frustrated,
    Robert
    I believe they are holding back the TOP so as to delay the date when they have to pay taxes for units not sold

  25. #235
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    Quote Originally Posted by CCR View Post
    I believe they are holding back the TOP so as to delay the date when they have to pay taxes for units not sold
    That sounds strange as the delay already cost them several million (in total) in liquidated damages to owners?

    Robert

  26. #236
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    they do not need to compensate you until they miss the Legal Date of Completion. When is that date? Is it another 1 or 2 years away?

    Quote Originally Posted by Robert-v View Post
    That sounds strange as the delay already cost them several million (in total) in liquidated damages to owners?

    Robert

  27. #237
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    My friend who has a unit there said that LD has kick in since dec 2014.
    Quote Originally Posted by bargain hunter View Post
    they do not need to compensate you until they miss the Legal Date of Completion. When is that date? Is it another 1 or 2 years away?

  28. #238
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    u mean LD will kick in FROM dec 2014 or has already kicked in in dec 2013?

    Quote Originally Posted by DC33_2008 View Post
    My friend who has a unit there said that LD has kick in since dec 2014.

  29. #239
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    http://www.concourseskyline.info/


    from the site above, it says yes, expected TOP is dec 2013 but the expected date of legal completion is dec 2016.

  30. #240
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    Iirc, LD kicks in based on the TOP indicated in your S+P.

    Cheers

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