Double Bay Residences, Simei St4 (D18, 99LH, 646units, UOL/Kheng Leong)

**jitkiat** · 27-04-09, 14:19

Originally Posted by etml

Since u hv already bought don't worry so much lah. TOP is still long way to go, just relax and start thinking abt how to do up your new hse. There will always be gd times or bad time, sars, bird flu and now swine flu, can't help it. As long as u are buying within your means there's nothing to worry abt. Congrats!

Thank you for your kind words.

Read on The Edge Singapore about Changi Biz Park:

- The 340,000 sq ft DBS Asia Hub , target to be completed by Oct 2009, DBS signed 10 year lease with Ascendas for the facility which can house up to 2,700 people
- 225,000 sq ft Standad Chart building completed next year, sign lease 15 years
- 400,000 sq ft Citibank buildings, 1st completed this year, another in Q42010, to house up to 4,000 staff
- Credit Suisse, 200,000 sq ft, 2 buildings

**shespawn** · 27-04-09, 14:33

with all these upcoming projects, I do hope that they will revamp simei eastpoint too.

**jitkiat** · 27-04-09, 14:50

Originally Posted by shespawn

with all these upcoming projects, I do hope that they will revamp simei eastpoint too.

I stay in Simei for 9 years liao. I prefer Eastpoint anytime compared to malls in Tampines, at least you can find a seat in the foodcourt, Starbucks or Hanis Cafe easily even during lunch time. Initially they have cinema and Best Denki, all closed a few years ago. With the upcoming Fraser Centrepoint mall in Expo and the current new Tampines One mall in Tampiness as well as a new mall in Bedok, I think unlikely Eastpoint will have any exciting development. However, I do expect the shops to evolve to cater for higher-income earners and foreigners when 4th UNI & Changi BIz park is ready.

**LongMan** · 27-04-09, 17:21

Originally Posted by jitkiat

Thank you for your kind words.

Read on The Edge Singapore about Changi Biz Park:

- The 340,000 sq ft DBS Asia Hub , target to be completed by Oct 2009, DBS signed 10 year lease with Ascendas for the facility which can house up to 2,700 people
- 225,000 sq ft Standad Chart building completed next year, sign lease 15 years
- 400,000 sq ft Citibank buildings, 1st completed this year, another in Q42010, to house up to 4,000 staff
- Credit Suisse, 200,000 sq ft, 2 buildings

Don't get too optimistic. As far as I know (correct me if I'm wrong), Changi Biz Park is mostly to cater to their IT/Technical personal. Most of the floor space will be reserved to house equipment and servers.

**kEN9170** · 27-04-09, 17:26

Originally Posted by LongMan

Don't get too optimistic. As far as I know (correct me if I'm wrong), Changi Biz Park is mostly to cater to their IT/Technical personal. Most of the floor space will be reserved to house equipment and servers.

most of the bank staffs re-located to CBP are back office or IT operation staffs as well as their IT server equipments. Those front office staffs (eg. traders), big bosses or profit centre are still located in CBD district.

**jitkiat** · 27-04-09, 17:49

Originally Posted by kEN9170

most of the bank staffs re-located to CBP are back office or IT operation staffs as well as their IT server equipments. Those front office staffs (eg. traders), big bosses or profit centre are still located in CBD district.

Ya, big boss will not stay in Simei lah. At least I can sell off my Simei HDB at better price a few years down the road. BTW, resale HDB price is not really expensive now, someone bought an HDB flat in Q41995 (index was at 102) lose $$$ if you factor in CPF interest of 2.5% (index is now at 13X). I wonder who a hell is willing to sell his HDB at this kind of below CPF return over 14 years. Guess only those who bought flats in Punggol/Sengkang at 2002/2003 can make a little $$$ by selling now.

**kEN9170** · 27-04-09, 18:08

Originally Posted by jitkiat

Ya, big boss will not stay in Simei lah. At least I can sell off my Simei HDB at better price a few years down the road. BTW, resale HDB price is not really expensive now, someone bought an HDB flat in Q41995 (index was at 102) lose $$$ if you factor in CPF interest of 2.5% (index is now at 13X). I wonder who a hell is willing to sell his HDB at this kind of below CPF return over 14 years. Guess only those who bought flats in Punggol/Sengkang at 2002/2003 can make a little $$$ by selling now.

anyway, the most important thing is that u must like the project you bot.
the rest are not that important.

**peterng8** · 27-04-09, 19:40

Originally Posted by jitkiat

Ya, big boss will not stay in Simei lah. At least I can sell off my Simei HDB at better price a few years down the road. BTW, resale HDB price is not really expensive now, someone bought an HDB flat in Q41995 (index was at 102) lose $$$ if you factor in CPF interest of 2.5% (index is now at 13X). I wonder who a hell is willing to sell his HDB at this kind of below CPF return over 14 years. Guess only those who bought flats in Punggol/Sengkang at 2002/2003 can make a little $$$ by selling now.

I think the facilities are alluring enough to stay in DB...as long as u like it...it will be worth ever cent....

**noblebaby** · 27-04-09, 22:36

Originally Posted by peterng8

I think the facilities are alluring enough to stay in DB...as long as u like it...it will be worth ever cent....

the actual structure will be ready in 4 years... looks good on paper, but actual thing might be vry cramp, since so many unit...

**jitkiat** · 27-04-09, 22:53

Originally Posted by noblebaby

the actual structure will be ready in 4 years... looks good on paper, but actual thing might be vry cramp, since so many unit...

Land size is slighter bigger than Modena + Tropica Spring

Modena - 230
Tropica Spring - 242

I can imagine if it is fully occupied, it might be quite crowded at the main pool.

**peterng8** · 27-04-09, 23:06

Originally Posted by jitkiat

Land size is slighter bigger than Modena + Tropica Spring

Modena - 230
Tropica Spring - 242

I can imagine if it is fully occupied, it might be quite crowded at the main pool.

don't worry, I reckon it would be more than enough for 646 units...look at the pool and the facilities..

u will believe if u visit some of the mass market condo around singapore....

**etml** · 27-04-09, 23:09

It's the same for all projects, the actual thing always turn out diff from the pictures (artist's impresson) on the brochures

As for the swimming pool...initially sure crowded. But as time goes by, it will get less and less crowded

**peterng8** · 27-04-09, 23:25

Originally Posted by etml

It's the same for all projects, the actual thing always turn out diff from the pictures (artist's impresson) on the brochures

As for the swimming pool...initially sure crowded. But as time goes by, it will get less and less crowded

Yeah quite true...somehow diffrent by some percentage..it is better to refer to the sales agreement where what is states will most likely be there...

**jitkiat** · 30-04-09, 01:07

Frankly speaking, why would people buy ground floor with PES ?? I know it is a lot cheaper on a psf but that is due to the extra PES space which costs next to nothing to developer ?? Gardening ?

And the stack 4 psf price seems to be the most expensive (~700psf) compared to the rest ... any reason why?

**heutistmeintag** · 30-04-09, 12:05

Originally Posted by jitkiat

Frankly speaking, why would people buy ground floor with PES ??

I would if I could coz I like plants, koi ponds and a place for my dog to run about.

**jitkiat** · 03-05-09, 19:48

350 out of 646 and counting ... 2-room all sold out, 3 room units moving fast now. And looks like HDB resale prices in Simei stay resilient (could be an after effect of Parc Lumier DBSS)

Flat Type:5 Room Street Name:Simei St 4 Resale Approval Date:Apr 2009 Total number of records found = 1 Click on the

to sort the records according to the categories shown.HDB TownBlock

Storey

Floor Area (sqm) /
Flat Model

Lease
Commence
Date

Resale
Price

Tampines22701 to 05122.00
Improved1988$448,000.00

**jitkiat** · 07-05-09, 12:34

Looks like the price o DBR is at the same level as year 2000 when private residential index hit 140. But in 2001/2 NASDAQ crash and 2003 SARS depress the price further another 100psf lower.

MODENA CONDOMINIUM SIMEI STREET 4 18 90 690150 712.41 01-Jul-00 MODENA CONDOMINIUM SIMEI STREET 4 18 144 940000 606.45 01-Jun-00 MODENA CONDOMINIUM SIMEI STREET 4 18 142 1065798 697.29 01-Jun-00 MODENA CONDOMINIUM SIMEI STREET 4 18 131 924621 655.73 01-May-00 MODENA CONDOMINIUM SIMEI STREET 4 18 131 915500 649.26 01-May-00 MODENA CONDOMINIUM SIMEI STREET 4 18 131 910000 645.36 01-May-00 MODENA CONDOMINIUM SIMEI STREET 4 18 129 770562 554.94 01-May-00 MODENA CONDOMINIUM SIMEI STREET 4 18 89 700000 730.7 01-May-00 MODENA CONDOMINIUM SIMEI STREET 4 18 89 680755 710.61 01-May-00

**shespawn** · 12-05-09, 15:35

anyone know how many units left as of now?
I heard they are starting to do the groundworks in september 2009. is it true?

**jitkiat** · 15-05-09, 12:33

Originally Posted by shespawn

anyone know how many units left as of now?
I heard they are starting to do the groundworks in september 2009. is it true?

URA data just released, 89 units sold in April so cummulative is 350. By now, the number should be close to 400.

**cheerful** · 15-05-09, 14:12

Originally Posted by jitkiat

URA data just released, 89 units sold in April so cummulative is 350. By now, the number should be close to 400.

Should be 89 & cummulative 350 rt ...

**jitkiat** · 10-06-09, 16:43

Foundation work about to start. Area fenced up. Trees cut down except the giant tree reserved for the One Tree Island. The tree is much bigger than that shown in the brochure !!!

Salute DP Architects to integrate probably the oldest tree in Simei into the project.

**noblebaby** · 16-06-09, 09:47

if the tree grow larger, then the whole island will crack down... and crack in the swimming pool as well.

Originally Posted by jitkiat

Foundation work about to start. Area fenced up. Trees cut down except the giant tree reserved for the One Tree Island. The tree is much bigger than that shown in the brochure !!!

Salute DP Architects to integrate probably the oldest tree in Simei into the project.

**shespawn** · 08-07-09, 16:26

went to double bay yesterday evening, it seems that they have closed the showflat. Are they keeping the unsold ones for TOP? or there's not much crowd, so they close?

**jitkiat** · 13-07-09, 10:22

Originally Posted by shespawn

went to double bay yesterday evening, it seems that they have closed the showflat. Are they keeping the unsold ones for TOP? or there's not much crowd, so they close?

Not really, still open on weekends. Sales will slow once they exceed 70% (450) because some stacks 53/54/55/49/50 are too close to MRT track and stacks 33/34 are directly facing West so will be harder to sell.

**shespawn** · 13-07-09, 11:08

been flipping through the newspaper, and they don't seem to advertise too. Livia is still advertising strongly even after 1 year.

**jitkiat** · 13-07-09, 16:07

Citi’s new building is a business park facility located at 3 Changi Business Park Crescent.
The property is strategically located within Changi Business Park which is a short walking
distance to the Singapore Expo and Expo MRT station and easily accessible to other parts
of Singapore via major expressways. The nearby suburban towns of Tampines and Simei
offers the services of supporting industries in neighbouring estates as well as a ready labour
pool and urban conveniences like shopping malls, cinemas, parks and restaurants. The
property, with gross floor area of 21,023 sqm is fully pre-committed to Citi for a lease term of
7 years with an option to extend for another 3+3 years upon lease expiry. With this new
building, Citi will be consolidating its operations, technology and support service in a single
location, providing for greater synergies, as well as cater for future business growth. Citi will
begin relocating its employees from May 2009

=> Next year, DBS/Stanchart will follow. May provide rental support to mass market condos in Simei as well as boosting HDB resale value

**cheerful** · 13-07-09, 18:01

eh .. last time DBS oso had some operations at Tampines mah, so this shouldn't be something new. But good that more moving east, so u muz be v happy now

.. afterall, DBR (& etc. etc.) is not too far away ..

Originally Posted by jitkiat

Citi’s new building is a business park facility located at 3 Changi Business Park Crescent.
=> Next year, DBS/Stanchart will follow. May provide rental support to mass market condos in Simei as well as boosting HDB resale value

**jitkiat** · 13-07-09, 18:06

Originally Posted by cheerful

eh .. last time DBS oso had some operations at Tampines mah, so this shouldn't be something new. But good that more moving east, so u muz be v happy now

.. afterall, DBR (& etc. etc.) is not too far away ..

I happen to work in IT/banking sector ... so naturally perfect for me loh

.
I have one friend who stayed in West Coast but worked in CBP ... really tough travelling from West to East everyday

**cheerful** · 13-07-09, 18:17

Oh .. so u technical analyst/chartist working in IT/banking sector .. alrt good for u! Hiphip hooray DBR ...

**jitkiat** · 13-07-09, 18:28

Originally Posted by cheerful

Oh .. so u technical analyst/chartist working in IT/banking sector .. alrt good for u! Hiphip hooray DBR ...

My uncle got a Master in Maths ... quit his job in shipping industry long time ago to become a very successful trader purely based on T.A. learn a lot from him... guess I am following his footsteps

Menu

View Poll Results: Double Bay Residences (DBR) - How much $psf will you pay ?

Thread: Double Bay Residences, Simei St4 (D18, 99LH, 646units, UOL/Kheng Leong)

Thread Tools

Search Thread