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

[tanumy]

so far what is the highest PSF for subsale in 2Br and 3Br.

From the sitemap, it is facing the clubhouse ... but can still see the pool on the right and tennis court on the left ... but it will have more west sun also. Still, this has the nice effect of pulling up prices across the board including DBR

And The Gale also hit almost 800psf:

68 Flora Road #06-14
Freehold
$793psf
990
$785k
05 Nov 09

Circle line confirmed to open on 17 April ... nice, now I can take MRT to Bishan, Suntec, Stadium, Bras Basah ...

[jitkiat]

SUTD website:
http://www.su.edu.sg/index.php


New International Design Centre to be established at SUTD

SINGAPORE : A new International Design Centre will be established at the Singapore University of Technology and Design (SUTD).

It aims to to become the world's premier hub for technology-intensive design.

Professor Thomas Magnanti, president, Singapore University of Technology and Design, said: "The design centre will initially be focused on three grand challenges - sustainable city, information and communication-intensive devices for better living and engineering for the developing world."

The centre is part of a collaboration agreement that was signed on Monday by representatives from Singapore's fourth publicly-funded university and the Massachusetts Institute of Technology (MIT).

MIT will be involved in developing new courses for SUTD.

Dr Susan Hockfield, president, Massachusetts Institute of Technology, said: "We will be developing courses that we already use in MIT for the SUTD environment, so that will be a somewhat incremental approach.

"And we will be developing a set of new courses based on the SUTD mission and goals that we believe will be as applicable in MIT as it will be here."

And students will be taught how to think, apply what they have learnt and be creative.

In a video message at the signing ceremony, Prime Minister Lee Hsien Loong said it is important for the researchers to be able to take their creative designs and technologies out of the academic environment and into the real world.

Besides MIT, SUTD's other partner is China's Zhejiang University. But the scope of that collaboration has not been formalised yet.

Professor Magnanti said: "At this point, we are focused on MIT, we thought it is important to get the MIT relationship established before we have a more intense relationship with Zhejiang University, but Zhejiang will be participating in our research quite actively.

"And we expect to have student exchanges with Zhejiang University, so the collaboration with Zhejiang will also be deep but somewhat different."

The new university is on track to accept its first intake of 500 students next year, before eventually growing to reach an annual intake of about 2,500.

It will operate from an as-yet-undisclosed temporary campus for about four years before moving to a permanent home in Upper Changi by 2015

Would tuition fee be as high as MIT ?

[jinxminx99]

Any idea on the number of units still unsold

[jitkiat]

Any idea on the number of units still unsold

~ 15 units

[Reporter]

If EC La Casa's $667 psf in primary sale is not impressive enough, we can always refer to the latest $640 psf record from Simei Green's resale.


Simei Green Condominium
Address ......................... psf ............. Area ......... Price ........... Contract Date
9 Simei Street 4 #07-06 ..... $640 psf ..... 969 sqft ..... $620,000 ..... 11 Dec 09

Wow!
The more-than-11-year-old former-EC Simei Green has just set a nëw hïgh of $653 psf for its resale.
What a way to start the year!


Simei Green Condominium
Address ......................... psf ............. Area ............ Price .......... Contract Date
3 Simei Street 4 #07-02 ..... $653 psf ..... 1,195 sqft ..... $780,000 ..... 11 Jan 10

[tanumy]

It seems the currently still DBR is moving slow in terms of PSF.................

[fourth]

Wow!
The more-than-11-year-old former-EC Simei Green has just set a nëw hïgh of $653 psf for its resale.
What a way to start the year!


Simei Green Condominium
Address ......................... psf ............. Area ............ Price .......... Contract Date
3 Simei Street 4 #07-02 ..... $653 psf ..... 1,195 sqft ..... $780,000 ..... 11 Jan 10

That is something I must say!

[Regulators]

The high is still pathetic by any means. Lakeshore in ulu Jurong already crossed 1k psf.

That is something I must say!

[louisebrown]

The high is still pathetic by any means. Lakeshore in ulu Jurong already crossed 1k psf.

This is incorrect.

[Reporter]

The high is still pathetic by any means. Lakeshore in ulu Jurong already crossed 1k psf.

This is incorrect.

... but ... but ... but ...
District-18 Simei Green is going 12-year-old while District-22 The Lakeshore is only going 3-year-old.

Private Residential Units Sold in the Month of October 2008

Project Name . Locality . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
The Lakeshore . OCR ....... 6 ........................... 1,038 ........... 865 .............. 743

[fourth]

Lakeshore is EC?

[Regulators]

but but but .... Jurong is ulu industrial town and simei is not...

... but ... but ... but ...
District-18 Simei Green is going 12-year-old while District-22 The Lakeshore is only going 3-year-old.

[jitkiat]

but but but .... Jurong is ulu industrial town and simei is not...

Lakeshore's relatively higher psf (median about 850+psf) is due to its rental demand from PRC NTU academics (it is called racial enclave lately :-) due to limited supply of similar condos nearby. Otherwise how can u explain why Caspian is sold for only 700+psf now given that both are at almost the same location? When Caspian gets TOP later, Lakeshore might not be able to enjoy the same rental yield anymore.

2009Q4 rental at Lakeshore $3450 for 1000sf per month

[jitkiat]

Studio subsale at 966psf, 6th floor stack 19, bought in March for 448k

19 Simei Street 4 #06-19
99 Yrs From 07/04/2008
$966
538
$520k
17 Dec 09

[Reporter]

Studio subsale at 966psf, 6th floor stack 19, bought in March for 448k

19 Simei Street 4 #06-19
99 Yrs From 07/04/2008
$966
538
$520k
17 Dec 09

Yes, you are right!
Double Bay Residences actually breaks its high of $898 psf with a nëw hïgh of $966 psf via subsale!
Amazing, isn't it?


Double Bay Residences
Address .......................... psf ............ Area ........ Price ......... Contract Date
19 Simei Street 4 #06-19 .... $966 psf .... 538 sqft .... $520,000 .... 17 Dec 09
19 Simei Street 4 #06-19 .... $833 psf ..... 538 sqft .... $448,000 .... 26 Mar 09

[tanumy]

sure it shall cross even more as the potential is there due to singapore 4th uni and gd location.


quote=Reporter]Yes, you are right!
Double Bay Residences actually breaks its high of $898 psf with a nëw hïgh of $966 psf via subsale!
Amazing, isn't it?


Double Bay Residences
Address .......................... psf ............ Area ........ Price ......... Contract Date
19 Simei Street 4 #06-19 .... $966 psf .... 538 sqft .... $520,000 .... 17 Dec 09
19 Simei Street 4 #06-19 .... $833 psf ..... 538 sqft .... $448,000 .... 26 Mar 09[/quote]

[acewee]

brilliant.

sure it shall cross even more as the potential is there due to singapore 4th uni and gd location.


quote=Reporter]Yes, you are right!
Double Bay Residences actually breaks its high of $898 psf with a nëw hïgh of $966 psf via subsale!
Amazing, isn't it?


Double Bay Residences
Address .......................... psf ............ Area ........ Price ......... Contract Date
19 Simei Street 4 #06-19 .... $966 psf .... 538 sqft .... $520,000 .... 17 Dec 09
19 Simei Street 4 #06-19 .... $833 psf ..... 538 sqft .... $448,000 .... 26 Mar 09

[/quote]

[jitkiat]

Anybody taking on NPS for DBR started paying?

[jitkiat]

Other than 2 duplex, left 6 units (3+1/4br), no more 3br.

[noblebaby]

Construction started? any photo to update us?

Other than 2 duplex, left 6 units (3+1/4br), no more 3br.

[jitkiat]

Construction started? any photo to update us?

Started & supposed to complete by May 2012. Will provide when it reaches 2nd floor. It seems to be "agonizing" slow

[fsma]

Anybody taking on NPS for DBR started paying?

Hi Jitkiat, yes just paid for the 3rd payment (10pct) for my unit 4th week of Jan. The letter from the legal firm indicated that the foundation was completed around 2nd week of Jan.

[shespawn]

Started & supposed to complete by May 2012. Will provide when it reaches 2nd floor. It seems to be "agonizing" slow

once they construct floor by floor, it will be faster :-)

[jinxminx99]

Hi Jitkiat, yes just paid for the 3rd payment (10pct) for my unit 4th week of Jan. The letter from the legal firm indicated that the foundation was completed around 2nd week of Jan.

hi fsma,
which stack is ur unit in?

[tanumy]

Studio break record now is turn of 2 & 3 bedroom to touch $850PSF.

[jitkiat]

Simei is transforming, taking some photos for record:

2nd photo includes Eastpoint, Modena, Tropical Spring and the next plot of land for tender under GLS (est 250 units). Note the landed properties are all of a higher elevation.

4th photo is DBSS Simei TOP in 2011, the hottest DBSS ever with people queuing up all nights to fight for a HDB. Little they know that the 5-room flats facing the landed properties are of a much lower elevation. You need at least 6th floor and above to clear the roof of those landed properties.

[fsma]

hi fsma,
which stack is ur unit in?

Hi jitkiat, mine is in Blk 37.

[tanumy]

but why still DBR subsale is slightly weak in terms of prices??????

Simei is transforming, taking some photos for record:

2nd photo includes Eastpoint, Modena, Tropical Spring and the next plot of land for tender under GLS (est 250 units). Note the landed properties are all of a higher elevation.

4th photo is DBSS Simei TOP in 2011, the hottest DBSS ever with people queuing up all nights to fight for a HDB. Little they know that the 5-room flats facing the landed properties are of a much lower elevation. You need at least 6th floor and above to clear the roof of those landed properties.

[shespawn]

Hi Jitkiat, yes just paid for the 3rd payment (10pct) for my unit 4th week of Jan. The letter from the legal firm indicated that the foundation was completed around 2nd week of Jan.

Hi fsma,

Do you know when is the esimated date for your next payment (completion of reinforced concrete framework of unit)?

I think construction speed is doing pretty well. launched in mar 2009, foundation works is already completed in Jan 2010. For WFW, launched in Feb, foundation works completed in Mar 2009.

[beemer75]

I.m on progressive payment but so far yet to hear from lawyer on any payment.

maybe my stack is SLOWWWWWWWWWWWWWW..........