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Thread: RV RESIDENCES (999, Allgreen)

  1. #1
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    Default RV RESIDENCES (999, Allgreen)

    Hi,

    Happen to pass by River Valley road and saw this development.
    But don't look like there is any construction going on. Don't find any show flat around that plot.

    Anyone know what had happen to this project?

    While google, I found this information

    "In May 2007, through a joint venture company formed with Asiawide Holdings Pte Ltd, Allgreen acquired a 999-year leasehold tenure site in River Valley, which will be developed into a seven-storey condominium, RV Residences, comprising 220 compact units of mainly 2+1 rooms. Written permission for the development plans was obtained on 22 October 2007 and the launch is slated for later in 2008."

    Extracted the para from Allgreen's 2007 Annual Report

  2. #2
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    Thumbs up

    Quote Originally Posted by Acer
    Hi,

    Happen to pass by River Valley road and saw this development.
    But don't look like there is any construction going on. Don't find any show flat around that plot.

    Anyone know what had happen to this project?

    While google, I found this information

    [/B]

    This project was shelved till further notice, information given to me by one of my client is that expected launching price to be around 1800psf but given the current sentiment, they rather postpone it.


    Pet

  3. #3
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    There is a show room at Great world city. But if you don't drive into a small road leading to the office towers, you will not notice it.

    As what Pet said, the develpment is put on hold till further notice.

  4. #4
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    Quote Originally Posted by SP specialist
    There is a show room at Great world city. But if you don't drive into a small road leading to the office towers, you will not notice it.

    As what Pet said, the develpment is put on hold till further notice.
    oic..
    was put on hold..

    any idea how long can they on hold.

    I understand.. after a period of year after they got the land, they must construct, right?

  5. #5
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    Quote Originally Posted by Acer
    oic..
    was put on hold..

    any idea how long can they on hold.

    I understand.. after a period of year after they got the land, they must construct, right?
    RV Residences already half way through construction. But it is weird not seeing it listed on squarefoot! why? none are sold yet?

    A check on URA shows that none of the 248 are launched yet! Why?







  6. #6
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    Assuming each unit can fetch $200k profit, that a would be a cool almost $50m profit. they delisted in 2011...

  7. #7
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    Quote Originally Posted by leesg123
    Assuming each unit can fetch $200k profit, that a would be a cool almost $50m profit. they delisted in 2011...
    Cash gaogao balance sheet gaogao.. die die no want launch yet. They waiting ccr chiong then start to sell

  8. #8
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    called the number outside the project, the person said will only be launched close to TOP. looking at the progress, should be early next year...

    but isn't it better to launch it say end last year when the market was good, before the Jan cooling measures??

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    Quote Originally Posted by priorityqueen
    called the number outside the project, the person said will only be launched close to TOP. looking at the progress, should be early next year...

    but isn't it better to launch it say end last year when the market was good, before the Jan cooling measures??
    Any indicative pricing?

  10. #10
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    Quote Originally Posted by leesg123
    Any indicative pricing?
    yes, was told that average about $2,200 for 1, 2 , 3 & 4 bedder.
    for 1 bedder, likely to be $2,400 - this is my guess lar.

    estimated to launch end july this year.

    Anyone keen to register for VVIP can call 68873893 - the number on the banner outside the project.

  11. #11
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    Valley Park finally starting to catch up liao. 1700psf

  12. #12
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    any news on this?? is the showflat still in the process of building or is the VIP launch over??
    Miracle is just another name for Effort.

  13. #13
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    Quote Originally Posted by priorityqueen
    any news on this?? is the showflat still in the process of building or is the VIP launch over??
    VIP launch mid aug tentatively
    http://SGNewCondoLaunch.com

    Feel free to take a look. Something new every month

  14. #14
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    Quote Originally Posted by ZeeWee
    VIP launch mid aug tentatively
    You r right. found out from an agent that showflat will be ready for viewing first week aug while preview day will be mid - 3rd week aug.

    1 bedder of 419sf starts from $965k+ to $1.1m, n 2 bedder of 688 sq ft are abt 1.58m to 1.73m. psf about $23XX onwards. Is this considered the right range or expensive side??

    Wonder if this is true - agent said they have started "soft" registration as demand (gauged from enquiries) are enthuastic...some potential buyers have submitted photocopies of IC and cheques to register for queue number...so gan jiong??
    Miracle is just another name for Effort.

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    Allgreen would rather have plenty unsold than lelong.
    click: 🏢shoeboxmickeymousehouse 🏢

  16. #16
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    Default River Valley condo to launch at $2,100 psf

    River Valley condo to launch at $2,100 psf
    Aug 6, 2013 - PropertyGuru.com.sg


    The 248-unit RV Residences condominium (pictured) in District 10 is expected to launch by end-August with prices from S$2,100 to S$2,300 psf.

    Developed by Allgreen Properties, the 999-year leasehold project is located at River Valley Road and is being marketed by DTZ, media reports said.

    The development comprises one- to four-bedroom apartments and penthouses. Approximately 85 percent of the units will be of “compact sizes at less than 850 sq ft”, said DTZ. One-bedders start from 419 sq ft while the two- to four-bedroom types range from 678 sq ft to 1,270 sq ft. Penthouses will be between 796 sq ft to 1,539 sq ft.

    “The wide range of apartment types coupled with a comprehensive set of facilities give RV Residences the versatility to reach out to a broad market, starting with singles looking for a compact living space, to nuclear families and all the way to extended families, who will be pleased with the spacious four-room units and penthouses,” said Margaret Thean, Executive Director for Residential at DTZ.

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    RV Residences launch this week

    By property guru

    Allgreen Properties is expected to launch sales of condo units at RV Residences this week, with around 50 to 80 units being released initially, media reports said.
    The seven-storey development comprises 248 units with a mix of housing types from one-bedroom apartments to five-bedroom penthouses.
    Average prices will likely be lower than S$2,000 psf after an early-bird discount. As such, absolute prices will range between S$833,000 for a 419 sq ft one-bedder on the second floor to S$2.8 million for a 1,539 sq ft duplex penthouse.
    Located on River Valley Road, the project is within proximity to Great World MRT station on the Thomson Line, as well as shops and offices at Great World City.
    The 999-year leasehold project will obtain TOP in the second quarter of 2014.
    Image: RV Residences (Artist's impression)

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    i m very surprised, why no one discussing this project? isn't < 900k for prime 1 bedder very attractive?

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    Because the traditional CCR buyers have long stopped buying anything ....

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    Quote Originally Posted by bargain hunter
    i m very surprised, why no one discussing this project? isn't < 900k for prime 1 bedder very attractive?
    Is cheap is less then 900 k

  21. #21
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    i personally know of someone who bot a FH 1 bedder at bartley for 800+k last year. surely, there are non traditional CCR buyers who will come in for this project if this price is for real?



    Quote Originally Posted by amk
    Because the traditional CCR buyers have long stopped buying anything ....

  22. #22
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    That price probably only for that one unit facing the worst like bin point.
    click: 🏢shoeboxmickeymousehouse 🏢

  23. #23
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    Still, "absolute prices will range between S$833,000 for a 419 sq ft one-bedder on the second floor"...

    this rate is still attractive, at $1988 psf...those without bin facing will still be ard $2000+-$2100...

    I think allgreen are gradually lowering their prices...when i called and enquire some time back, they said $2,200-$2,300....closer to launch they announced $2100-$2300. This week they launching, even got $1998...

    look like they did not collect many cheques and so now need to lelong...
    Miracle is just another name for Effort.

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    河谷 River Valley (何苦) 追求?

    Any cap gain upside? GWC MRT?
    click: 🏢shoeboxmickeymousehouse 🏢

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    yah, upcoming GWC MRT but its still quite a walk actually. near enough walkable though.

    Quote Originally Posted by mcmlxxvi
    河谷 River Valley (何苦) 追求?

    Any cap gain upside? GWC MRT?

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    failed to stir much discussion haha.

    is the VVIP preview tomorrow or not?

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    Quote Originally Posted by bargain hunter
    failed to stir much discussion haha.

    is the VVIP preview tomorrow or not?

    VVIP is fri.
    Miracle is just another name for Effort.

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    1. Attractive doesn't mean it is a good investment.
    2. Absolute low price is only attractive to OCR and heartlanders to buy.

    Quote Originally Posted by bargain hunter
    i m very surprised, why no one discussing this project? isn't < 900k for prime 1 bedder very attractive?

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    See attachment
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