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Thread: Domus (D12, Freehold, Lakeview Developments)

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    Default Domus (D12, Freehold, Lakeview Developments)

    http://www.straitstimes.com/Invest/S...ry_344386.html

    March 1, 2009

    property

    Property market starting to stir

    Success of two new launches encourages a few developers to release their projects

    By Joyce Teo, Property Correspondent


    Over the weekend, 30 units of the 102-unit St Patrick's Residences in St Patrick's Road in the East were launched. The 646-unit Double Bay Residences in Simei should go on sale soon, with prices set at around $650 psf to $680 psf. -- PHOTO: TG DEVELOPMENT PHOTO: UOL GROUP

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    Thanks to the mini-buzz created by two new successful launches - Caspian in Jurong and Alexis @ Alexandra - a few developers have decided to release their projects for sale.

    It is an improvement, even if it is just a slight one, from the very sombre mood a month ago, when market watchers were expecting the lull in the market to continue.

    Over the weekend, TG Development launched 30 units of the freehold, 102-unit St Patrick's Residences in St Patrick's Road in the East.

    On average, prices start at around $675 per sq ft (psf) for a two-bedroom unit and rise to about $900 psf for a four-bedroom penthouse.

    Unit sizes range from 1,152 sq ft for the two-bedroom units to 3,423sqft for the four-bedroom penthouses. Some three-bedroom units can cost just under $1 million.

    The interest absorption scheme, which allows buyers - if they take a loan from the start - to defer making any payments beyond the initial down payment until the project is completed, is offered at a 3 per cent premium.

    Marketing agent Savills said the condominium offers quality furnishings and fittings usually associated with prime projects, and that a few units have been sold since the preview a week ago.

    Near Upper Bukit Timah, Hiap Hoe has launched The Beverly, its 118-unit condo in Toh Tuck Road.

    Each unit is served by a private lift. Prices start at $648 psf; the average price is $750 psf. This means that the total price per unit should start from just below $1 million.

    Unit sizes range from 1,120 sq ft for the two-bedders to 4,187 sq ft for the four-bedders. There are also double-storey penthouses from 2,099 sq ft to 3,757 sq ft. Hiap Hoe is not offering the interest absorption scheme.

    Other projects expected this month include Double Bay Residences in Simei, The Arte in Thomson, Domus in Irrawaddy Road and an 18-storey project in River Valley.

    These are in the mass- to mid-market categories that, unlike the high-end segment, are still attracting buyers.

    New home sales in January had plunged to a new low as developers and buyers kept to the sidelines.

    The two new projects that sold very well about two to three weeks ago - Caspian and Alexis - helped revive the market mood to a certain extent.

    The Caspian showflat was packed during the preview, when 300 out of 712 units were sold at average prices starting from $580 psf. So far, more than 500 units have been sold.

    The 293 Alexis units were all sold at $950 psf to $1,250 psf, but the absolute prices were reasonable, given that most units are small.

    At a results briefing last Thursday, City Developments' Kwek Leng Joo cited the good take-up at the two projects as proof that there is still demand.

    'The good response to recent launches is true,' he said.

    Still, the stock market and buying sentiment remain weak.

    Ms Phylicia Ang, director of Savills Residential, said: 'The affordability threshold is key at this point. In the current market, it is important to price projects at an attractive level to attract buyers.'

    The UOL group should start selling the 646-unit Double Bay Residences near the Simei MRT station soon. It declined to give pricing details of the 99-year leasehold condo until the launch, but there is talk that prices will be around $650 psf to $680 psf.

    The one-bedders start at 538 sq ft, the two-bedroom units from 915sq ft, while the big units can go up to 3,703 sq ft.

    Along Thomson Road, The Arte is expected to be released for preview sale by the middle of the month.

    Property agents have advertised the preview of the 336-unit, freehold condo at prices starting at more than $950 psf.

    About half of the project, or 164 units, are three-bedroom units from 1,399 sq ft to 1,625 sq ft. Another 100 units are 1,873 sq ft four-bedders.

    There are also advertisements for the preview of the 18-storey, 67-unit project in River Valley, which offers the interest absorption scheme. It has mostly small units - 32 are 635 sq ft apartments and 30 are 1,044 sq ft units.

    A Chinese developer, Lakeview Developments, may also push out its 104-unit Domus this month.

    High-end launches will likely be few and far between this year, as current demand is coming only from owner-occupiers or very small investors, according to a developer.

    There should be more mass- to mid-market projects coming up in the next few months. These could include projects like the 99-year leasehold Ascentia Sky next to the Redhill MRT station. It offers two- to four-bedroom units from approximately 1,000 sq ft to 1,800 sq ft.

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    http://www.straitstimes.com/Money/St...ry_349031.html

    March 12, 2009 Thursday

    More projects with small units to be released this weekend

    By Joyce Teo, Property Correspondent


    MORE projects with small apartments are being released for sale, with one offering units of just 344 sq ft - slightly over half the size of a squash court.

    The releases follow the recent success of developments like Alexis, where small units have attracted plenty of buyers with their low overall prices. Prices at the project in Alexandra Road started at $450,000 for one-bedders, which are between 366 sq ft and 527 sq ft.

    A preview for the freehold Kembangan Suites at Jalan Masjid - which has 60 mainly small flats and eight shops - starts today. The project's marketing material said prices will be revealed only at 10am with sales starting at noon.

    Starting prices are at least $300,000 for the one-bedroom units, which range from 344 sq ft to 527 sq ft, according to the marketing material. The project also offers 581 sq ft two-bedroom units.

    The 104-unit Domus in Irrawaddy Road will be released for sale this weekend with the interest absorption scheme.

    The actual pricing has not been firmed up but will start from just below $500,000 for the 25 studios of 474 sq ft, said Savills Residential, which is marketing the project.

    The project has penthouses, including a 926 sq ft double-storey one-bedroom penthouse.

    Domus is next to a fairly new launch - I-Residences, where prices are hovering around $900 psf.

    In nearby Balestier, The Mezzo - on the site of the former Ruby Plaza - will also be released for sale in a special preview tomorrow. It has 127 units including 20 one-bedders of 560 sq ft.

    The unusual aspect of The Mezzo is that it is offering a 6 per cent annual rental guarantee for two years, apart from the interest absorption scheme. The rental guarantee kicks in right after the temporary occupation permit date.

    The one-bedders will be priced from about $540,000 and the two-bedders from about $715,000, said HSR Property Group.

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    http://www.straitstimes.com/News/Hom...ry_350320.html

    March 15, 2009 Sunday

    Small flats, big sellers

    Demand for smaller space leads developers to downsize units to as tiny as 300-plus sq ft

    By Tan Dawn Wei


    Crowds flocked to a preview of condominium Domus on Friday. Its smallest units are 474 sq ft. -- ST PHOTO: JOSEPH NAIR FOR THE SUNDAY TIMES

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    What do you call a space which can fit four hawker stalls?

    In the case of a new property development called Kembangan Suites, the space is called a one-bedroom apartment.

    It is all of 344 sq ft.

    But small is now big. On just the first day of a preview last week, the developer sold out 60 units of mostly one- and two-bedders ranging in size from 344 sq ft to 581 sq ft.

    The smallest units were going for about $300,000.

    Industry sources said demand is coming from local and foreign singles, young couples as well as cost-conscious buyers and investors.

    Before that, Alexis @ Alexandra sold all its 293 units, including 114 one-bedders (366 sq ft to 527 sq ft), with prices from $450,000.

    Other new launches like Mount Sophia Suites in Sophia Road, Nova 88 in Bhamo Road and Zenith in Zion Road are offering studio apartments or one-bedders from 366 sq ft to 484 sq ft.

    Crowds flocked to a preview on Friday of new condominium Domus in Irrawaddy Road. The smallest units there - one-bedders at 474 sq ft each - were going for more than $400,000.

    Its developer, Lakeview Investments, said those were the most popular and all units released in the first phase had been sold.

    'It's the size of a hotel room,' veteran designer Jay Ang said of the new 300-something sq ft homes.

    'You have space only to sleep and eat. There's definitely no place to entertain,' noted the specialist in space planning and storage space customising.

    But while there are no rules on how small apartments can go, designers and architects have to make concessions for standard dimensions, like how wide a door is, how long a bed is or how deep a wardrobe is.

    Developers have quickly cottoned on to this demand for small spaces. Several have rejigged or are considering tweaking their designs and making space for smaller units.

    Sing Holdings' project The Laurels in Cairnhill Road will go from its original 150 units of mostly three- and four-bedders to 290 units that include more one- and two-bedroom units.

    UOL Group may also resize the units of its Green Meadows project in Upper Thomson to attract more cost-conscious buyers.

    Alexis' developer, ECPrime, had done the same before the project's launch.

    City Developments said studio apartments in centrally located projects had always been popular because of the lure of city-living.

    Studio apartments comprised almost 40 per cent of the offerings at its downtown project, The Sail @ Marina Bay, which was completed last year.

    Carving up space for more units is one way a developer can achieve higher dollar per square foot value, said Mr Nicholas Mak, director of research and consultancy at Knight Frank.

    'Developers manage to sell such small units because they make it affordable in absolute terms,' he said.

    But, property pundits said, when apartments continue to shrink and prices per square feet remain high, home-seekers may go back to buying HDB flats and those looking to rent may decide to go for HDB rooms instead.

    The size of private one-bedroom units has halved from 10 years ago.

    HDB flats have downsized too, from about 1,130 sq ft for a four-room in 1987 to 970 sq ft now.

    Still, Singapore homes have not shrunk to the proportions of those in Hong Kong and Tokyo, where apartments can be as tiny as 140 sq ft.

    That is not to say that all buyers are happy with the slimming effect.

    Finance executive Audrey Yap, 35, who is shopping for a bachelorette pad, said: 'I can't afford the bigger apartments but the studio apartments are ridiculously small and claustrophobic. I think I may have to settle for a resale HDB flat.'

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    anyone view the showroom? any comment?

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    yes..nice...but expensive....think IRsidences better and slightly cheaper

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    see the show room last week end... Not impressive at all... quality and materials used not refine and low end... I have told that the developer is from China.

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    of all showroom that i went.. still think Iresidences is better... another development by novelty... lucida... even better...

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    Show room is one thing, but how is the actual quality? Could some one living in Novelty built houses comment about its quality?

    I have heard alot of bad comments about Far East.

    Quote Originally Posted by kgchong
    of all showroom that i went.. still think Iresidences is better... another development by novelty... lucida... even better...

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    http://www.straitstimes.com/Money/St...ry_355164.html

    March 27, 2009 Friday

    Home hunters pack showflats in Balestier

    By Joyce Teo


    SOME home hunters have been packing showflats in the Balestier area and buying units, even as the general property market remains weak.

    City Developments (CDL) said yesterday it has sold 'about 60 per cent' of the 100 units at The [email protected] at an average price of $880 per sq ft since a hush-hush preview started last Friday.

    The Arte has 336 fairly large units in two 36-storey blocks in Jalan Datoh, off Balestier Road.

    The 60 or so units were transacted at $852,800 to $2.46 million, said a CDL spokesman.

    Most of those sold were two- and three-bedroom units. The two-bedroom units are 1,055sqft, while nearly half of the project comprises three-bedroom units ranging from 1,399 sq ft to 1,625sqft.

    CDL said it had extended the interest absorption scheme (IAS) to buyers during the preview at no extra cost, but could not yet say how many buyers had taken advantage of it.

    'Buyers are given some time to decide if they wish to take up the IAS,' said the spokesman.

    The scheme allows buyers to defer the bulk of the purchase price until completion on condition that they take up a loan at the point of sale.

    The CDL spokesman said the $880 per sq ft price was being offered for a limited number of units only. 'We will be reviewing the price and adjusting it upwards progressively,' he said.

    The encouraging sales at The Arte came amid a still-slow market as some other launches see relatively weak interest. Demand for high-end homes, in particular, remains poor.

    New home sales in February were lifted to a relatively high level, but that was largely due to the strong sales at three mass to mid-end projects. Many buyers went for small units as their absolute prices were low, and hence affordable.

    Just last week, Keppel Land deferred the construction of two yet-to-be-launched projects - Marina Bay Suites in Marina Bay and Madison Residences in Bukit Timah - because of the slumping market.

    In the Balestier area, the new showflats benefited from spillover crowds from the various launches, said Savills Residential director Phylicia Ang, who is marketing the 104-unit Domus in the area.

    Released for sale two weeks ago, Domus, in Irrawaddy Road, welcomed visitors who had initially attended The Arte preview.

    So far, 33 units - out of the 59 launched at Domus - have been sold at an average of $900 per sq ft, or from $480,000 to $1.2 million, said Ms Ang.

    The sales included 20 one-bedroom units of 474sqft.

    Novelty Group's I-Residences, a 70-unit project in Irrawaddy Road, is about 50 per cent sold since its private preview late last year.

    Nearby, on the former Ruby Plaza site, Soilbuild had a preview for The Mezzo, which offers a 6 per cent rental guarantee for two years. It did not comment on sales.

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    Went to the showroom when it launch, asking about $850psf, wonder if the price has drop bearing in mind developer is Chinese and has no other development in S'pore.

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    If developer is chinese, then it should be priced like Chery QQ. no 200psf no buy!

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    little boy, dont come here n talk cock lah
    Quote Originally Posted by orange
    If developer is chinese, then it should be priced like Chery QQ. no 200psf no buy!

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    Foreign property buyers go outside prime areas
    Districts 9, 10 and 15 still rule, but Novena, Jurong, Balestier pick up
    Joyce Teo
    The Straits Times
    Monday, 16 November 2009


    Savills said district 12 - which includes the Balestier (pictured), Serangoon and Toa Payoh areas - has emerged as one of the top new choices among foreigners this year. -- Photo: ST

    Foreign property investors are venturing out of traditional prime areas to snap up homes in other parts of the island.

    A new study has found overseas buyers have become keen on district 12, which includes the Balestier area and which is associated with karaoke bars and lighting shops.

    A Savills Singapore study found that districts 9, 10 and 15 have remained the top spots for foreign buyers over the past three years.

    District 9 includes the Orchard and River Valley areas; 15 covers Katong, Joo Chiat and Amber Road, and 10 includes the posh Ardmore area, and the Bukit Timah, Holland Road and Tanglin neighbourhoods.

    Districts 11 and 22 have become more popular thanks to the higher number of launches there, Savills said.

    In the past three years, there have been at least 30 major launches in district 11 – Novena and Thomson – alone, including Viva, Park Infinia at Wee Nam, and Miro at Lincoln Road.

    District 22 – it is centred on Jurong – has hosted launches of The Centris, The Caspian and The Lakeshore.

    Savills said district 12, which includes the Balestier, Serangoon and Toa Payoh areas, has emerged as one of the top new choices among foreigners this year.

    Its new projects include The Arte, Trevista, Vista Residences, Nova 48, Nova 88 and Domus.

    ‘These city-fringe projects are near to the city and yet relatively more affordable compared to core central projects,’ said Savills’ senior manager of research and consultancy, Ms Christine Sun.

    Consultants say that in district 12, average prices have been lower, at about $900 psf compared with the over $1,000 psf that Novena, only a few hundred metres away, can fetch. However, the gap is closing, partly due to district 12’s increased popularity as well as the small units offered which have a higher per unit asking price.

    A closer look at the sales data from the three most popular districts of 9, 15 and 10 shows that most of the foreign buyers came from Malaysia, Indonesia, mainland China and India.

    In fact, they accounted for 73.9% of total foreign private property purchases in the first nine months, compared with 59.1% for the whole of 2007 when the market was booming.

    A lot of foreigners came to Singapore to buy back then.

    Many of the high net-worth buyers from Europe, Russia and elsewhere have not quite returned, property experts said.

    But Malaysian buyer numbers have risen by 10% this year compared with 2007, although Indonesian investor numbers have fallen by 4%.

    Mainland Chinese buyers are also up 7.4%, while Indian buyers rose 1.1%.

    A recent Savills study showed that foreigners, especially those from China, were returning to the market.

    Foreigners formed about 22.7% of private home sales in the third quarter – above the 19.7% average since the start of 2000.

    ‘Malaysians and Indonesians prefer prime districts 9 and 10, which tend to be higher-priced projects,’ said Ms Sun.

    She added that mainland Chinese and Indian buyers bought more homes in the city fringe and outside of central regions, such as districts 15, 16, 18 and 22.

    The properties in these regions tend to be relatively less pricey and more mass market.

    Western buyers, including those from Australia, Britain and the United States, tend to congregate in certain districts, such as districts 9, 10 and 15.

    The Japanese prefer district 9, while the Koreans are keen on districts 9 and 10, as well as 16, which includes Bedok and Upper East Coast.
    District 9 has the highest concentration of foreign buyers, at 31%.

    The other top districts popular with foreigners had a proportion of between 19 and 25%.

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    Buy gold in Domus thread?
    Is Domus made of gold?

    Anyway, you have targetted audiences in the wrong time zone.
    Don't just use your fingers to type. Use your brain too!


    Quote Originally Posted by URA
    Private Residential Units Sold in the Month of September 2009

    Project Name . Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
    Domus ............ RCR ....... 66 ........................ 1 ...........................
    1,260 ............ 1,260 ........... 1,260

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    most likely an internet worm not a real human being who typed the gold thing

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    TOP soon, the developer finally launched the last few high floor units for sale at premium pricing.



    http://www.the-domus.com/

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    Quote Originally Posted by azeoprop
    TOP soon, the developer finally launched the last few high floor units for sale at premium pricing.



    http://www.the-domus.com/
    They have an actual 3 bed room unit as their show flat. I noticed 2 things which potential buyers need to check out. Where does one fit a fridge in the kitchen? And there is no kerb at the yard to prevent water from splling over into the pool directly below! Imagine all the sud and foam from the washing machine drained into the pool...Yucks!

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    Default Desired the project

    Desired the project

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    Maintenance fee $414 to $759/ month!!

    http://www.the-domus.com/

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    For small units , it is slightly less than that

    Quote Originally Posted by azeoprop
    Maintenance fee $414 to $759/ month!!

    http://www.the-domus.com/

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    Wow anyone care to share how much is the maint. fee for this project for a 2 bedroom? how much is the per share cost for this project? Any special feature for the reason that the maint. fee is so high?

    Quote Originally Posted by bennie.sg
    For small units , it is slightly less than that

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    As I know , 2 kin of 2 bedroom

    400+
    450+ with big size

    numbers of security guys and cleaners , even one management office inside .



    Quote Originally Posted by Noexit
    Wow anyone care to share how much is the maint. fee for this project for a 2 bedroom? how much is the per share cost for this project? Any special feature for the reason that the maint. fee is so high?

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