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Thread: the marQ (D9, Freehold, SC Global)

  1. #1
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    Default the marQ (D9, Freehold, SC Global)

    Property
    Published January 18, 2007

    SC Global to launch high-end project by Q3

    Units' prices in the two-tower freehold development are expected to exceed $2,800 psf


    By UMA SHANKARI


    SC GLOBAL Developments hopes to set a new benchmark in high-end living with the launch of its latest luxury project, the marQ on Paterson Hill, in the second or third quarter of this year.



    marQ of luxury: One of the two towers will feature a 15-metre private lap pool in every apartment


    Units in the two-tower freehold development - where one tower will feature a 15-metre private lap pool in every apartment - are expected to fetch prices upwards of $2,800 per square foot (psf).

    With the marQ, SC Global chief executive Simon Cheong hopes to re create the feeling of living in a good class bungalow (GCB) - but in a high-rise development. 'The marQ aims to create something that you can achieve in a bungalow, like staying on landed property,' he said, pointing out that most GCBs come with a private pool.

    The marQ will have two 24-storey towers, but the number of units will be kept small - between 60 and 70 - to allow for bigger apartments. SC Global promises 'spacious homes', including 4,500 sq ft units and a 'one of a kind' 11,000 sq ft super penthouse.

    Construction on the project will probably start in the third or fourth quarter of this year, Mr Cheong said. He added that he is in 'no rush' to launch the project, as much attention will need to be paid to the design and other details.

    If launched in the second quarter, the marQ's debut will follow hot on the heels of Orchard Turn, which is expected to be offered to buyers in the next two months. The 99-year leasehold Orchard Turn is a joint venture between CapitaLand and Hong Kong's Sun Hung Kai Properties.

    The project, located right above Orchard MRT station, also aims to create the feeling of 'super-luxury', and hopes to set new benchmark prices.

    With these and other upmarket launches expected, Mr Cheong predicts that prices in the luxury segment could climb another 20 to 30 per cent this year.

    Lending weight to his optimism, GuocoLand yesterday said that The View @ Meyer, an exclusive boutique development in the East Coast, has set a benchmark price for the Meyer Road area.

    'Apartments on the higher floors with an unobstructed sea view have achieved selling prices of close to $1,700 psf,' said the company. 'The average price for the standard sea view units is close to $1,500 per sq ft, a price level not witnessed in the Meyer Road area in almost a decade.'

    About 80 per cent of the 45 units at The View @ Meyer have been sold on a strictly by-appointment basis earlier this month, GuocoLand said.

    While speculative activity has been rife for the high-end developments launched recently, Mr Cheong expects most of the marQ's buyers to be investors who will hold on to the property and in some cases, move in once the project is completed.

    'The marQ is, by far, the most luxurious and ambitious of our developments to date,' said Mr Cheong. 'In keeping with our reputation for creating premium luxury developments, the marQ will raise the mark for ultra high-end luxury residences, not only in Singapore but also internationally.'

  2. #2
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    Default SC Global to set near record prices for marQ

    Singapore Companies
    Published January 24, 2007

    SC Global to set near record prices for marQ


    SC GLOBAL Development Ltd, a builder of luxury apartments in Singapore, plans to price homes at its downtown project at 'north of $3,000 per square foot', chief executive Simon Cheong said.

    The twin-tower development, called the marQ on Paterson Hill, will include 15-meter lap pools in every apartment for one block.

    It is the latest residential offering in the area close to the Orchard Road shopping belt. In June, Kwek Leng Beng's City Developments Ltd set a record by selling units at its St Regis project at prices exceeding $3,000 per square foot.

    'Property is a sentiment game, and one cannot predict the prices just through demand and supply,' Mr Cheong said in an interview yesterday.

    The government has 'taken very major steps' to make Singapore into a global city. 'With that, you're looking at global pricing,' he added.

    The developer plans to start selling homes in the downtown development in the second half, Mr Cheong said. SC Global said in March it bought the property for $266 million.

    SC Global's shares have surged 70 per cent since the start of the year, the best performer on the Singapore property index. The stock lost 2 cents to close at $4.24 yesterday.

    Singapore's private home prices rose for the 11th quarter in the last three months of 2006, the government said earlier this month.

    'The Singapore market has been in the doldrums for so long that when fundamentals improve, prices start to run ahead,' said Leslie Chua, head of research at Jones Lang LaSalle. - Bloomberg

  3. #3
    yktan Guest

    Default Re: the marQ (D9, Freehold, SC Global)

    This will be very very very expensive. St Thomas Suites is very cheap compared to this. If you want to live in Orchard, better buy now all the $1,700 psf condos because prices will never come back to this level again.

  4. #4
    $$$$$$$$$$$$$$$ Guest

    Default Re: the marQ (D9, Freehold, SC Global)

    do u think can be sold out? hmmmmmmmmmm.... why oei hong leong exited SC Global? $$$$$$$$$$$$$$$$$$$$$$$$$$$$

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    Default Re: the marQ (D9, Freehold, SC Global)

    Quote Originally Posted by $$$$$$$$$$$$$$$
    do u think can be sold out? hmmmmmmmmmm.... why oei hong leong exited SC Global? $$$$$$$$$$$$$$$$$$$$$$$$$$$$
    It will be sold out. We r reaching the height of speculation for these luxurious properties. But by year end, when another 4000 of these units are launched, the fever would be gone. Many people would drown in their own pool.

  6. #6
    teeceelee Guest

    Default Re: the marQ (D9, Freehold, SC Global)

    Madeira, I agree with you. Now I just sit back and enjoy the show. The worst scenario for me personally is that I may miss the boat but I have already factor in this in my decision liao!

  7. #7
    yktan Guest

    Default Re: the marQ (D9, Freehold, SC Global)

    Quote Originally Posted by teeceelee
    Madeira, I agree with you. Now I just sit back and enjoy the show. The worst scenario for me personally is that I may miss the boat but I have already factor in this in my decision liao!
    So you are waiting to buy all the luxury properties when the price goes down huh?

  8. #8
    teeceelee Guest

    Default Re: the marQ (D9, Freehold, SC Global)

    hi yktan, u r a joker lah

  9. #9
    ryan Guest

    Default Re: the marQ (D9, Freehold, SC Global)

    Hey how are y'all doing. Glad to see more postings on this forum. This marQ will definitely set new price benchmarks in Orchard. Looking forward to viewing the show suite!

  10. #10
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    Default Re: the marQ (D9, Freehold, SC Global)

    The Marq on Paterson Hill has been launched by SC Global at an average of S$4,000 psf. Price range from S$12.0 to $S30.0 million per unit. Are you interested? Pse see attachment.

    Press_Release_The_Marq_Debut_20June2007.pdf

  11. #11
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    Default Re: the marQ (D9, Freehold, SC Global)

    First phase of The Marq on Paterson Hill priced between S$12m & S$30m

    Posted: 20 June 2007 2226 hrs


    SINGAPORE: Niche property developer SC Global is marketing the first phase of its latest project, The Marq on Paterson Hill, at an average S$4,000 per square foot.

    This means 63 units of the development will cost between S$12 million and S$30 million each, excluding three penthouses.

    The freehold Marq is expected to be the most luxurious and ambitious of SC Global's developments to date.

    Each of the 21 ultra spacious 5-bedroom apartments will come with a 15-metre private heated lap pool.

    SC Global will be releasing 21 units on a 'by invitation only' basis in the first phase of private previews. - CNA/yy

  12. #12
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    Default Re: the marQ (D9, Freehold, SC Global)

    You were spot on.

    Quote Originally Posted by yktan
    This will be very very very expensive. St Thomas Suites is very cheap compared to this. If you want to live in Orchard, better buy now all the $1,700 psf condos because prices will never come back to this level again.

  13. #13
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    Default Re: the marQ (D9, Freehold, SC Global)

    Published June 21, 2007

    SC Global sees Marq fetching $4,000 psf

    By UMA SHANKARI


    BOUTIQUE property developer SC Global Developments yesterday said that it expects apartments in the first phase of its just-launched The Marq on Paterson Hill to fetch an average of $4,000 per square foot (psf).


    Lofty heights: Located on the top of Paterson Hill, The Marq has two 24-storey towers. One has 21 5-bedroom apartments and the other, 42 4-bedroom apartments

    The absolute prices for the units will work out to $12-30 million each, SC Global said. The company is now marketing about one-third of the 66-unit luxury development through private previews, which are 'by invitation only'.

    The average price for the first phase is 'reflective of the unique and exquisite finishing and detailing of the apartments', SC Global said in a statement. 'The Marq is the most luxurious and ambitious of SC Global's developments to date.'

    Located on the top of Paterson Hill, The Marq has two 24-storey towers. One of the towers will consist of 21 spacious 5-bedroom apartments averaging 6,195 square feet, with each unit spread out over an entire floor.

    The other tower will feature 42 relatively smaller 4-bedroom apartments averaging 3,000 square feet. The development also has three penthouses, which are not being sold at the moment.

    'We are excited about the debut of The Marq,' said SC Global chief executive Simon Cheong. 'It has been eagerly awaited by the market since we announced the development concept a few months ago and we have been meticulously refining the plans to perfect the details.'

    SC Global first announced plans for The Marq in January this year, and Mr Cheong said then that homes in the project would be priced 'north of $3,000 psf'.

    The developer's stock climbed 10 cents to close at $6.25 yesterday. The company's share price has climbed 143.2 per cent since the start of the year.

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    Default Re: the marQ (D9, Freehold, SC Global)

    June 21, 2007

    SC Global unveils most expensive condo here

    The Marq boasts average prices of $4,000 psf; units priced from $12m

    By Fiona Chan, Property Reporter


    SINGAPORE'S most expensive condominium project has just been released for sale with units priced between $12 million and $30million.

    Apartments in The Marq on Paterson Hill will average $4,000 per sq ft (psf) in the initial phase - making it the first condominium in Singapore to reach this level in terms of average pricing.

    The most expensive condominium sale on record is the uber penthouse at Marina Bay Residences, which was said to have fetched about $28.6 million, or $2,600 psf.

    On a psf basis, only three projects have breached the $4,000 level: Orchard Residences in Orchard Turn, Parkview Eclat in Grange Road and St Regis Residences in Cuscaden Road.

    St Regis also holds the record for the highest psf unit price, with an apartment there selling for a whopping $4,653.50 psf recently.

    SC Global will release 21 of The Marq's 66 units in the first phase, with private previews offered to invited buyers only.

    The available units in this phase will be spread across both towers, the developer said.

    The Marq will have two 24-storey towers, one hosting 21 five-bedroom apartments averaging 6,195 sq ft.

    Each of these units - each occupying an entire floor - will have a 15m private heated lap pool.

    The other tower will have 42 four-bedroom apartments of 3,000 sq ft in size on average.

    To justify the high price, each apartment will have bathrooms with steam and shower rooms.

    The master bedrooms will come with walk-in wardrobes of up to 30 sq ft - the same size as a typical bedroom in most residential developments, said SC Global.

    It added that the project will have an on-site concierge service and 6.5m-high ceilings for the living areas in each unit.

    'We want to ensure The Marq offers unparalleled luxury,' said Mr Simon Cheong, SC Global's chairman and chief executive.

    'As Singapore becomes more entrenched as a global city, developments such as The Marq will cater to the increasing demands of its internationally discerning residents.'

    Foreigners are likely to make up about two-thirds of The Marq's buyers, said Mr Ku Swee Yong, the director of marketing and business development at Savills Singapore.

    He said The Marq is 'the sort of project that will appeal most to high net-worth individuals'.

    'I wouldn't be surprised if the cost of construction of this development is close to $1,000 psf,' he added.

    The Marq is built on the former Paterson Tower site acquired by SC Global in March last year for $266 million, or $1,064 psf of total floor area.

    [email protected]


    Uber luxurious

    SC GLOBAL will release 21 of The Marq's 66 units in the first phase, with previews offered to invited buyers only. It says the available units in this phase will be spread across both towers of the project.

    'We want to ensure The Marq offers unparalleled luxury,' said its chief executive, Mr Simon Cheong.

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    Default Re: the marQ (D9, Freehold, SC Global)

    Phase 1 - Fully Sold!!!!!!!!! Do you believe that!

  16. #16
    Paterson Guest

    Default MarQ 1st Phase Fully Sold At Average $4,137 psf With The Highest Achieved $5,100 psf

    28 June 2007

    First Phase of The Marq Fully Sold
    Units sold at an average S$4,137 psf, with a highest price of S$5,100 psf

    Singapore, 28 June 2007 - SC Global Developments Ltd, one of Singapore’s leading developers of exclusive luxury residences, is pleased to announce that it received overwhelming response to the first phase of private previews for its ultra luxurious residential development, The Marq On Paterson Hill (‘The Marq’). Previews were by invitation only.

    The first phase – about a third of all available apartments – comprising 21 units from the two blocks, Premier Tower and Signature Tower – have been fully sold. The average selling price achieved was $4,137 per square foot. Of the 21 units sold, eight apartments were within The Signature Tower, highly coveted for its signature 15-metre private lap pool in every unit. Prices for the entire development ranged from approximately S$11 million to S$31 million, with a unit in the Signature Tower achieving S$5,100 psf.

    The Marq on Paterson Hill is 24 storeys high; the 3 penthouses which occupy the top two floors of the building and apartments on the higher floors were not released in the first phase of private previews. The Signature Tower will be home to 21 ultra spacious 5 –bedroom apartments averaging 6,195 sq ft, beside it will stand the Premier Tower with 42 luxuriously appointed 4 –bedroom apartments averaging 3,000 sq ft.

    SC Global Developments has no confirmed date for the release of the second phase of units at this point.

  17. #17
    Unregistered Guest

    Default Re: the marQ (D9, Freehold, SC Global)

    I CANT BELIEVE IT MAN. WHAT IS GOING ON???? WOW!!!

    I should have know why SC global Bought The ardmore for $2350.

    This is why!!!!

    Next luxury condo that can beat this record will be scotts square!!!

  18. #18
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    Default Re: the marQ (D9, Freehold, SC Global)

    Published June 29, 2007

    SC Global's The Marq sets new record for homes

    Unit sold for top price of $5,100 psf; hot demand also for UOL's project

    By UMA SHANKARI


    A NEW record for home prices in Singapore has been set, once again. A unit in SC Global's freehold The Marq On Paterson Hill has been sold for $5,100 per square foot (psf), the developer said yesterday.


    The Marq: SC Global released 21 units which were all snapped up, with an average price of $4,137 psf

    SC Global, a developer of exclusive luxury residences, said it has sold all 21 apartments it released in the first phase of its 66-unit luxury development at an average selling price of $4,137 psf. The project started previewing last week.

    The previous record for home prices was held by Parkview Eclat, where developer Chyau Fwu Group said it sold a four-bedroom apartment for 'almost $4,200 psf'.

    At The Marq, absolute prices for apartments ranged from about $11 million to $31 million, SC Global said.

    Another luxury property - in the Bukit Timah area this time round rather than Orchard - has similarly seen hot demand. About 70 per cent of the UOL Group's 120-unit Duchess Residences has been sold with prices crossing the $2,000 psf mark for several apartments, the company said. Sources said that the highest price fetched was in the region of $2,100 psf.

    Duchess Residences started previewing on Monday, but most of the units were snapped up over four hours yesterday, BT understands. The project will be officially launched tomorrow, UOL said.

    'This (the high prices) confirms that the Bukit Timah area is seeing a lot of pent-up demand, and people are looking to buy,' said Ku Swee Yong, director of marketing and business development at Savills Singapore.

    Savills is marketing Duchess Residences together with DTZ Debenham Tie Leung.

    Bukit Timah, which made waves during the last property boom, is expected to make a comeback this year. Other than Duchess Residences, at least five other developments will be launched there in the coming months, with prices expected to cross the $2,000 psf mark - a level not seen for the past 10 years.

    SC Global shares traded unchanged at $6.40 yesterday before a late afternoon trading halt ahead of the announcement. UOL's stock closed 15 cents higher at $5.80.

  19. #19
    Unregistered Guest

    Default Re: the marQ (D9, Freehold, SC Global)

    The Marq's sold out so well means the developer not so clever one, selling too low. If market is a pure demand/supply, then the highest price for a property will be at the point (meeting point) of same number of demand and supply. If too many demands compared to supply like the marq, that means developer didn't do enough homework to price it right. It's almost the perfect market for developer, so it can even push the meeting point higher by predicting that even if demand at that extremely high meeting point is below that of supply, give it 1 or 2 weeks, and the equilibrium will be reached. If I were the developer, I will pay abit more attention to econimics. Only then will it be playing to market forces. I think The Marq can easily go for 7000 to 7500 psf and it will be sold out within 2 weeks (but it won't sell out immediately). So I think this developer not clever one. For high net worth individuals at such luxury condo, paying 2 or 3 million more for a unit is small change and small consideration. If they like it, they will demand it. It's about social status also. The higher they paid for their condo, the richer and better will their peers think of them and want to associate and do business with them - "Wah, friend, you bought the Marq. Heard it costs 7500psf. How about golf next week? My company is looking for an independent director."

  20. #20
    Unregistered Guest

    Default Re: the marQ (D9, Freehold, SC Global)

    Quote Originally Posted by teeceelee
    Madeira, I agree with you. Now I just sit back and enjoy the show. The worst scenario for me personally is that I may miss the boat but I have already factor in this in my decision liao!
    I am not seeing you no up. But even if you want to board the boat, and assuming ou can afford 11m to 31m (or the bank is okay to give you that kind of loans), you still need a special invitation. So it's not about missing the boat. But you're right on about sitting back and enjoy the show. That's all poor people like me can do and lau nua (salivate).

  21. #21
    Unregistered Guest

    Default Re: the marQ (D9, Freehold, SC Global)

    Quote Originally Posted by Unregistered
    The Marq's sold out so well means the developer not so clever one, selling too low. If market is a pure demand/supply, then the highest price for a property will be at the point (meeting point) of same number of demand and supply. If too many demands compared to supply like the marq, that means developer didn't do enough homework to price it right. It's almost the perfect market for developer, so it can even push the meeting point higher by predicting that even if demand at that extremely high meeting point is below that of supply, give it 1 or 2 weeks, and the equilibrium will be reached. If I were the developer, I will pay abit more attention to econimics. Only then will it be playing to market forces. I think The Marq can easily go for 7000 to 7500 psf and it will be sold out within 2 weeks (but it won't sell out immediately). So I think this developer not clever one. For high net worth individuals at such luxury condo, paying 2 or 3 million more for a unit is small change and small consideration. If they like it, they will demand it. It's about social status also. The higher they paid for their condo, the richer and better will their peers think of them and want to associate and do business with them - "Wah, friend, you bought the Marq. Heard it costs 7500psf. How about golf next week? My company is looking for an independent director."
    If $7000 is achieved, The scotts square could easily sell for $10000.

    Ok, Many developers are now also looking to sell condos around $1500-$2000 price range now because market share for private condo around that price is the largest I think.

    The bukit timah area will see many new developments this coming months.
    Duchess as we know is already SOLD OUT at $1900 according to one forumer here. This is probably There are tons of buyers in this price range.
    We will definitely see a number of enbloc around this area.

    Another area that could be targeted by developers will be D 3 and 15.

  22. #22
    Unregistered Guest

    Default Re: the marQ (D9, Freehold, SC Global)

    Quote Originally Posted by Unregistered
    The Marq's sold out so well means the developer not so clever one, selling too low. If market is a pure demand/supply, then the highest price for a property will be at the point (meeting point) of same number of demand and supply. If too many demands compared to supply like the marq, that means developer didn't do enough homework to price it right. It's almost the perfect market for developer, so it can even push the meeting point higher by predicting that even if demand at that extremely high meeting point is below that of supply, give it 1 or 2 weeks, and the equilibrium will be reached. If I were the developer, I will pay abit more attention to econimics. Only then will it be playing to market forces. I think The Marq can easily go for 7000 to 7500 psf and it will be sold out within 2 weeks (but it won't sell out immediately). So I think this developer not clever one. For high net worth individuals at such luxury condo, paying 2 or 3 million more for a unit is small change and small consideration. If they like it, they will demand it. It's about social status also. The higher they paid for their condo, the richer and better will their peers think of them and want to associate and do business with them - "Wah, friend, you bought the Marq. Heard it costs 7500psf. How about golf next week? My company is looking for an independent director."
    Or 1 year later, "Wah, friend, you biught the Marq at 7500psf. Heard it now costs only 1500psf. My company needs to appoint new independent director. We will ask you to resign tomorrow."

  23. #23
    Market Watcher Guest

    Default Re: the marQ (D9, Freehold, SC Global)

    Quote Originally Posted by Unregistered
    If $7000 is achieved, The scotts square could easily sell for $10000.

    Ok, Many developers are now also looking to sell condos around $1500-$2000 price range now because market share for private condo around that price is the largest I think.

    The bukit timah area will see many new developments this coming months.
    Duchess as we know is already SOLD OUT at $1900 according to one forumer here. This is probably There are tons of buyers in this price range.
    We will definitely see a number of enbloc around this area.

    Another area that could be targeted by developers will be D 3 and 15.

    Highest price done for Duchess is $2,100 psf.
    $1,900 psf is the average selling price.

  24. #24
    Unregistered Guest

    Default Re: the marQ (D9, Freehold, SC Global)

    $2100 wow.

    Neighbouring freehold NEXUS, MAPPLEWOODS and THE STERLING are selling $1200 PSF.
    That would be a steal!!!!

    Jardin and cascadia will definitely go above $1500psf.

  25. #25
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    Default Re: the marQ (D9, Freehold, SC Global)

    June 29, 2007

    One unit at The Marq sold for record $5,100 psf

    Its $31m total price is also likely to be the highest ever paid for a single unit in S'pore

    By Fiona Chan, Property Reporter



    OPULENT LIVING: The record-setting apartment was one of eight sold in the Signature Tower, which boasts a 15m private lap pool in every unit. -- PHOTO: SC GLOBAL


    THE price of a condominium unit in Singapore has crossed the $5,000 per sq ft (psf) mark for the first time.

    The all-time high was set by at least one apartment in The Marq on Paterson Hill, the latest project by luxury developer SC Global.

    This 6,195 sq ft unit fetched $5,100 psf, or a total of about $31 million - also believed to be the highest price ever paid for a single condominium unit, said SC Global.

    All the 21 units released at The Marq been taken up, just a week after SC Global said it would offer them at an invitation-only preview.

    The apartments sold at the 66-unit development achieved an average price of $4,137 psf, SC Global said in a statement.

    Each unit was priced at between $11 million and $31 million.

    Prices of luxury condominiums have soared to new heights since the beginning of the year.

    In March, they crossed the $4,000 psf mark at CapitaLand's The Orchard in Orchard Turn and two weeks ago, an apartment in St Regis Residences in Cuscaden Road, developed by City Developments, fetched a record $4,635.50 psf.

    Even The Marq's record may not last for long, say property experts.

    As Singapore's property developers start catering more to 'ultra-high net worth individuals' from around the world, condominiums are likely to get more expensive, said Mr Ku Swee Yong, director of marketing and business development at Savills Singapore.

    'We will continue seeing more and more opulent types of developments coming into the market, which will support continued growth in capital values,' he added.

    Despite the roaring market, average prices of Singapore's most luxurious condominiums are still below those in major cities.

    In Tokyo and Hong Kong, for instance, the average price of the most prime apartments is more than $3,000 psf, Mr Ku said.

    In New York, it is $4,000 psf, and in London, it can go up to $9,000 psf. The average price of luxury condominiums in Singapore is about $2,000 psf.

    The record-setting apartment at The Marq was one of eight sold in the development's Signature Tower, which boasts a 15m private lap pool in every unit. Each unit takes up an entire floor.

    Although SC Global would not disclose the nationality of the buyer who forked out $31 million, it said that 65 per cent of The Marq's buyers so far have been foreigners.

    They hail from Indonesia, Malaysia, Britain, China and India, the developer added.

    SC Global also said it has not yet finalised a date for the release of the other units at The Marq.

    [email protected]

  26. #26
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    Default Re: the marQ (D9, Freehold, SC Global)

    Weekend, June 30, 2007

    First units at high-end condo The Marq sold out at $4,137psf


    There seems to be no end in sight for the spiralling property prices in the high-end luxury market.

    SC Global Developments, a specialist in the development of luxury residences, announced that the first phase of The Marq sold out at prices averaging $4,137psf.

    The units that were sold ranged between $11 million to $31 million.

    This sale of the first phase of the development comprised 21 units from the Premier Tower and Signature Tower.

    Eight of these were in the Signature Tower, where every unit came with a private 15-metre lap pool. The tower features 21 five-bedroom apartments averaging 6,195sqft. The unit that sold for $31 million reflected a price of $5,100psf.

    The remaining 13 units sold were in the Premier Tower, which has 42 four-bedroom apartments that are around 3,000sqft in size.

    The release of the second phase of units of The Marq will be announced at a later date.

    — Joseph yadao

  27. #27
    Unregistered Guest

    Default Re: the marQ (D9, Freehold, SC Global)

    Why is it call the MarQ? Sounds to me a little low-class. Like the Market.

  28. #28
    Unregistered Guest

    Default Re: the marQ (D9, Freehold, SC Global)

    Quote Originally Posted by Unregistered
    Why is it call the MarQ? Sounds to me a little low-class. Like the Market.
    Or like the Mob. Or the Mass. The MarQ for the Mob. The MarQ for the Masses. The Market Place for the Mob and the Masses. Reall sounds like that to me. But c'mom guys, this is The MarQ - don't play play. Got all the multi-millionaires.

  29. #29
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    Default Re: the marQ (D9, Freehold, SC Global)

    Published July 17, 2007

    60% of The Marq buyers are foreigners

    SC Global will price penthouses at $5,000 per sq ft


    (SINGAPORE) SC Global Development Ltd, which sold homes at its The Marq apartment project at a record price last month, said foreigners made up about 60 per cent of the buyers.

    SG Global will price its penthouses, twice the size of its regular apartments at the development, at about $5,000 per square foot (psf), matching the record $5,100 achieved in other units, chief executive officer Simon Cheong said in an interview yesterday.

    Singapore home prices are surging, driven by the longest economic expansion in a decade and the world's fastest-growing population of millionaires. Investors paid between $11million and $31 million for the first 21 homes sold at The Marq, a five-minute walk to the main shopping district of Orchard Road. The units fetched an average price of $4,137 psf, the company said on June 28.

    'Singapore's becoming more and more of a global city, and our buyers are well travelled and well heeled, and they compare our product against those in other gateway cities around the world, and they find the prices to be reasonable,' Mr Cheong said.

    SC Global shares were unchanged at $6.70 at the 5.05 pm close. SC Global's stock almost tripled this year, compared with the 37per cent average gain for Singapore property index. -- Bloomberg

  30. #30
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    May 2009
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    I am just reading back some of the past post... I can't help but think... the guy who wrote the below.... he must be feeling really stupid now...


    Quote Originally Posted by Unregistered
    The Marq's sold out so well means the developer not so clever one, selling too low. If market is a pure demand/supply, then the highest price for a property will be at the point (meeting point) of same number of demand and supply. If too many demands compared to supply like the marq, that means developer didn't do enough homework to price it right. It's almost the perfect market for developer, so it can even push the meeting point higher by predicting that even if demand at that extremely high meeting point is below that of supply, give it 1 or 2 weeks, and the equilibrium will be reached. If I were the developer, I will pay abit more attention to econimics. Only then will it be playing to market forces. I think The Marq can easily go for 7000 to 7500 psf and it will be sold out within 2 weeks (but it won't sell out immediately). So I think this developer not clever one. For high net worth individuals at such luxury condo, paying 2 or 3 million more for a unit is small change and small consideration. If they like it, they will demand it. It's about social status also. The higher they paid for their condo, the richer and better will their peers think of them and want to associate and do business with them - "Wah, friend, you bought the Marq. Heard it costs 7500psf. How about golf next week? My company is looking for an independent director."

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