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Thread: The Gale (D17, Freehold, Tripartite Developers <Hong Leong>)

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    Default The Gale (D17, Freehold, Tripartite Developers <Hong Leong>)

    http://www.businesstimes.com.sg/sub/...18454,00.html?

    Published February 11, 2009

    Launch of 6 more condos likely in next few months

    All but one of these private condo projects are on 99-yr-leasehold sites

    By KALPANA RASHIWALA


    DEVELOPERS of at least six mass-market private condos could release their projects in the next few months, riding on buying momentum generated lately by the Caspian condo near Jurong Lake - despite the recession.

    Property consultancy CB Richard Ellis (CBRE) tips Oasis @ Elias, The Gale on Flora Road in Upper Changi and Ascentia Sky on Alexandra Road among projects for possible launch in the next two quarters.

    Others include UOL's 646-unit condo at Simei Street 4, Frasers Centrepoint's project in Woodleigh Close and a 571-unit condo by NTUC Choice Homes at Lor 2/3 Toa Payoh near Braddell MRT Station.

    All but one of these projects are on 99-year-leasehold sites bought through government land tenders in the past 14 months. The exception is The Gale, a freehold condo to be developed by Tripartite Developers as the latest in its series of condo projects in the Upper Changi location.

    Frasers Centrepoint's recent sales spurt for Caspian has shown where the base price is for the mass market.

    The developer released the first 250 units of the 99-year-leasehold condo during a preview last week, at an average price of $580 per square foot (psf), followed by a second batch of about 130 better-facing units at $600 psf. So far, more than 330 units have been sold in the development, which is next to Lakeside MRT Station.

    BT understands the developer is likely to offer a further 150 units during a public launch this weekend - and that pricing is likely to be calibrated upwards.

    CBRE executive director Joseph Tan attributes the good response to Caspian partly to its timely launch, coinciding with the government's announcement in Parliament that it will upgrade, expand and transform Jurong into a business and recreational hub.

    'The project is also priced competitively, within the affordability of HDB upgraders,' he said. 'The sales momentum seen at Caspian is an encouragement to developers to get their projects ready for launch in the second and third quarters of 2009.'

    Knight Frank executive director Peter Ow said that in current conditions, mass-market suburban projects aimed at HDB upgraders are more likely to sell than projects in other segments.

    'After all, HDB upgraders buying private homes for their own occupation are the core group of buyers left today,' he said. 'Investors and 'specu-vestors' are lying low. And as for foreign buyers, investing in overseas properties might not be a priority right now.'

    Amid today's tight lending climate, owner-occupiers are also more likely to secure finance from banks than investors, provided they have the means to service their loans, Mr Ow said.

    He reckons that for condos in outlying areas near MRT stations, the price resistance for a new launch in today's market would probably be in the $600-650 psf range on average.

    Another analyst put a price resistance in a higher band of $750-$850 psf for condos in mature HDB estates such as Toa Payoh and Ang Mo Kio.


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    Any further details on the Gale ? its at Flora Road right... Far East Project again... any good ???

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    Wing Tai cannot launch Ascentia now after Alexis sabo by pricing their FH at average 1000psf.

    They will need to price around 1000psf to just breakeven. Considering that its 99yrs vs Alexis FH. It would be tough on sales and harder to make money.

    For Simei plot to sell, UOL will probably price around $630psf, that will have some profit but not much.

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    How much will be Gale be priced psf ? When launch ?

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    Anyone have any idea when the launch will be?

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    Default Gale (investment or homestay)

    That area traffic is pretty congested, and there an abundance of projects in that Area (from A to F, and the latest G). It should be good for own stay but dont think it a good choice as investment.

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    That area is more for homestay, not very good for investment as rental is not that fantastic. The value also do not react much to the market. Heard from someone whom bot a unit at that area that the agent says maybe launch at Q4 ? but not sure.

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    Where can I register for vip preview of the gale?

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    << Another exciting FREEHOLD project launching in exclusive Flora rd >>

    Launching soon in early/mid JULY !!

    For more information, please feel free to contact/register with the PIC :

    KELVIN-ERA
    Hp: 8189 1589
    [email protected]

  10. #10

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    For detail or preview and news update of The Gale, visit The Gale's website.

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    http://www.businesstimes.com.sg/sub/...38787,00.html?

    Published June 23, 2009

    New projects enjoy strong weekend sales

    [email protected] Woodleigh drew mostly S'poreans, specu-vestors due to its location

    By KALPANA RASHIWALA


    (SINGAPORE) There seems to be no let-up in home sales.


    Selling like hotcakes: 302 of the total 330 units in the [email protected] Woodleigh condo were sold between Friday and Sunday. The average price of the 99-year leasehold project near Potong Pasir MRT Station is about $780 per square foot


    The Gale: A Facebook page for Tripartite Developers' project will be launched to help market it. It is expected to be launched to the public in July

    Frasers Centrepoint is said to have sold 302 of the total 330 units in its [email protected] condo since Friday. The average price of the 99-year leasehold project near Potong Pasir MRT Station is about $780 per square foot. Buyers who opt for an interest absorption scheme (IAS) offered by the developer have to pay 3 per cent more.

    The 15-storey development comprises five blocks. About 40 per cent of the units are studios, two-bedders as well as apartments with two-bedrooms plus study. The remaining 60 per cent are three- and four-bedders.

    The average price of a studio unit is around $400,000 while a two-bedder typically costs between $650,000 and $670,000.

    The project drew mostly Singaporean buyers. In addition to attracting those who bought units for their own occupation, the project is said to have drawn a fair bit of specu-vestors.

    [email protected]'s location next to the future Stamford American International School gives it a strong investment appeal.

    'Some people bought with a view to leasing the units to expat families (for the bigger units) or to the single teachers at the school (for studios and two-bedders),' a market watcher said.

    The project is being marketed by DTZ and ERA.

    Over at Devonshire Road, Allgreen Properties sold 130 units last week at One Devonshire, a 36-storey freehold condo with a total 152 units.

    The average price of the units sold is understood to be $1,800 psf, assuming a normal progress payment scheme.

    Allgreen is charging buyers a 2 per cent price premium for IAS. For those who opt for the deferred payment scheme, the price premium is 3 per cent.

    Around 65 per cent of the 130 buyers have opted for normal progress payment. Knight Frank is marketing the development.

    Chip Eng Seng group's Oasis @ Elias condo is expected to be released soon, as early as this week. The 99-year project has a total 388 units and should give some competition to City Developments' Livia condo nearby.

    Over at Flora Road, in the Upper Changi area, Tripartite Developers is getting ready to launch its freehold condo, The Gale. A Facebook page for the project will be launched to help market the project.

    The Gale comprises 329 units in nine blocks. The eight-storey project has a range of unit sizes, from one-bedders to four-bedroom apartments with a roof terrace.

    Buyers will have the option of signing up for IAS. Buyers and current owners of a Tripartite property will enjoy a loyalty bonus (a 0.5 per cent price discount) if they buy a unit at The Gale, and a referral fee (0.5 per cent of purchase price) if they get a friend or family member to buy a unit in the condo.

    Tripartite is a joint venture involving Hong Leong Holdings, City Developments and TID Pte Ltd. Hong Leong Holdings, which issued a press statement on the project yesterday, did not give an indication of pricing. 'The project is expected to be launched to the public in July,' it added.

  12. #12

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    Would THE GALE be as hot as [email protected]?
    Will there be a overnight Q?

    Check out the THE GALE's FaceBook page!

  13. #13

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    The Gale - Hong Leong Holdings launched a page on Facebook to market its 329-unit The Gale in Upper Changi, to disseminate information to Web-savvy property watchers and to engage with a wider audience. Read more @ http://www.straitstimes.com/Money/St...ry_394025.html
    The Panorama @ Ang Mo Kio
    BRAND NEW CONDOMINIUM By Wheelock Properties
    - The Next Anticipated Launch! -


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    Quote Originally Posted by condo101
    The Gale - Hong Leong Holdings launched a page on Facebook to market its 329-unit The Gale in Upper Changi, to disseminate information to Web-savvy property watchers and to engage with a wider audience. Read more @ http://www.straitstimes.com/Money/St...ry_394025.html
    Showroom open today?

  15. #15

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    Quote Originally Posted by azeoprop
    Showroom open today?
    Showroom open in July.
    For Pre-booking & appointment for VIP preview, please visit THEGALE.sg for more info.
    The Panorama @ Ang Mo Kio
    BRAND NEW CONDOMINIUM By Wheelock Properties
    - The Next Anticipated Launch! -


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    Thumbs up The Gale

    Project Name-The Gale
    Developer-Tripartite Developers Pte Ltd
    Property Type-Condominium
    Tenure - Freehold
    Total Units - 329
    Completion Date - 30 Sept 2014
    District - 17


    Available Unit Types

    1 bedroom / Studio (689 - sf)
    2 bedroom (904 - 1195sf)
    2 bedroom + study (980 - 1259 sf)
    3 bedroom (1345 - 1604 sf)
    3 bedroom + study (1464 - 1808sf)
    4 bedroom (1636 - 1991sf)
    4 bedroom Penthouse (1916 - 2465sf)

















    >>>> Click here for more floor plans and info>>>

    Source from : virtualhomes.sg

    .

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    No floor plan for studio (1bedroom) apartment?

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    http://www.businesstimes.com.sg/sub/...91940,00.html?

    Published June 30, 2009

    Robust private home sales in June

    But it is too early to call a recovery, cautions OCBC Investment Research

    By UMA SHANKARI


    (SINGAPORE) Private home sales stayed strong in June.


    Freehold property: Artist's impression of Vista Residences; Far East Organization's Mr Chia says that buyers are mainly Singaporeans and there is strong interest from young professional managers, teachers and civil servants

    Far East Organization sold 74 apartments in its 280-unit Vista Residences at a private preview last weekend, the developer said yesterday.

    And Frasers Centrepoint said that it has fully sold two of its projects - the 330-unit [email protected] and the 110-unit Woodsville 28. Homes at [email protected] went for an average of $790 per sq ft (psf), while units at Woodsville 28 sold for an average price of $775 psf.

    [email protected] was launched just two weeks ago. Woodsville 28 was launched in July 2008 but most units languished until the buying momentum returned to the market this year.

    Over at the freehold Vista Residences - on Jalan Dusun and Jalan Datoh at the corner of Thomson Road - prices start at $960 psf. The project will be officially launched tomorrow, but Far East released 88 units at a weekend preview, and 85 per cent of them were snapped up.

    'Buyers are mainly Singaporeans and there is particularly strong interest from young professional managers, teachers and civil servants who are buying to occupy,' said Chia Boon Kuah, chief operating officer of Far East Organization's property arm.

    While units at Vista Residences have sold for more than homes in the nearby The Arte - a City Developments project where units were launched at an average price of $880 psf in March - the difference in pricing is due to the difference in unit sizes and floor plans, analysts say.

    'Vista Residences offer smaller size units that command higher psf pricing and also smaller balcony space than The Arte,' OCBC Investment Research analyst Foo Sze Ming said in a note yesterday. 'As such, we caution that the strong buying momentum at higher psf pricing for the new launch should not be viewed as a new uptrend for property prices.'

    Mr Foo said that it is too early to call a recovery in the property market. 'We remain unconvinced by the recent 'recovery' in the physical property market,' he said.

    'We believe buying strength over the recent weeks could have been driven by the spillover effect from earlier pent-up demand that drew cash rich local investors back into the market. In our view, potential catalysts for price increase will have to come from an inflow of foreign funds into the property market, as well as a pick up in employment opportunities.'

    Foreign funds were the driving force of the property boom in 2007, but have not come back to the market in a big way.

    Looking ahead, more mass-market and mid-market launches are expected in the coming weeks, including [email protected], a 388-unit, 99-year leasehold project at Elias Road by Chip Eng Seng, and The Gale, a 329-unit, freehold project at Flora Road by Tripartite Developers.

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    Anyone can confirm whether there a temple next to The Gale development?

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    Went to look at the site just now, alot of Knight Frank agents hanging around the area trying to hook customers....scary. They claim that there will be long Q and if u want ur unit must give blank cheque first. I don't see any temples around there though. The land slopes upwards to the east.

  21. #21

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    Quote Originally Posted by azeoprop
    Went to look at the site just now, alot of Knight Frank agents hanging around the area trying to hook customers....scary. They claim that there will be long Q and if u want ur unit must give blank cheque first. I don't see any temples around there though. The land slopes upwards to the east.
    The temple is in Mariam Walk.
    The Panorama @ Ang Mo Kio
    BRAND NEW CONDOMINIUM By Wheelock Properties
    - The Next Anticipated Launch! -


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    Default location

    condo101 is right.The current showflat location is opp Ferr park, which is not the actual site.

    Actual site is very deep in, end of Mariam walk(which is beside edelweiss) and the end of FLora road. There is no road linking Mariam and Flora currently.Or if you can recall, Gale is probably at the showflat of Edelweiss.
    So yes, there is a temple opposite. and yes, it is remote.

    I drove there last night, yes, the show flat location is full of knightfrank agents claiming that the projt will be luanched with crowd.

    price seem too be 650 onward, which is high. Edelweiss launched at 400-500psf. Ferr park launched at 500-550 psf. Gale launched at >650psf seem exp to me.

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    I still remember Ferreria park last time launch 1 bedroom unit only 348k.....should have bought.

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    E and F parks are launched when the market price was low then, how can compare with now?

  25. #25

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    Quote Originally Posted by marktkt22
    price seem too be 650 onward, which is high. Edelweiss launched at 400-500psf. Ferr park launched at 500-550 psf. Gale launched at >650psf seem exp to me.
    Quote Originally Posted by azeoprop
    I still remember Ferreria park last time launch 1 bedroom unit only 348k.....should have bought.
    marktkt22, you can't compare Edelweiss & Ferr park launch price with The Gale.
    A 3A HDB use to cost only $60k - $70k. Now? $200k - $3++k!

    azeoprop, you will be saying the same thing few year later if you do not buy now.
    Maybe you will be said something like this: I still remember The Gale last time launch 1 bedroom unit only 5++k.....should have bought.

    Take action now, be realistic. There are no more project going to be launch at the price that marktkt22 mentioned.

    Don't, IF ONLY! or I SHOULD HAVE! again.

    Sincerely
    condo101
    The Panorama @ Ang Mo Kio
    BRAND NEW CONDOMINIUM By Wheelock Properties
    - The Next Anticipated Launch! -


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    Here's the temple. It blesses the old Yan Kit Village which is now the A to G park condos.
    http://www.yktemple.com/

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    Exclamation VVIP Preview this SAT (6th Jul) @ THE GALE, Flora Road- $2,500 Furniture Voucher**

    After all the talk about the FREEHOLD condo project, would anyone be interested to attend the VVIP Preview this Saturday? The average psf for this property is approx. $620psf, and prices are expected to be at its lowest during the very first launch!

    Pls CONTACT/SMS me @ 98515704 to RSVP (**$2,500 "Barang Barang" voucher for the first 300 who come)!

    Cheers,
    Shareen
    Knight Frank

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    Quote Originally Posted by Shareen
    After all the talk about the FREEHOLD condo project, would anyone be interested to attend the VVIP Preview this Saturday? The average psf for this property is approx. $620psf, and prices are expected to be at its lowest during the very first launch!

    Pls CONTACT/SMS me @ 98515704 to RSVP (**$2,500 "Barang Barang" voucher for the first 300 who come)!

    Cheers,
    Shareen
    Knight Frank
    Sunday come no more offer? Not free on Sat.

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    Thumbs up

    Expected launch will be this coming friday! Those who are looking forward to new updates to this project may drop by my website: www.projectlaunches.com

    Will be updating more key informations on this project plus many others day to day. You may also register your interest in my website where I bring you down to buy direct! those who are keen to explore the special offers or attention may also drop me a note in my website too.

    Cheers!
    Pet

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    what is the indicative psf for the 2br?

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