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Thread: Kembangan Suites (D14, Freehold)

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    Default Kembangan Suites (D14, Freehold)

    Mission Impossible Made Possible NOW!!! The HOTTEST And CHEAPEST In Market NOW!!! FREEHOLD!!! Grab It Before Too Late !!!!!!!

    FOR VIP/ PRIVATE GUEST ONLY !!!

    KEMBANGAN SUITES @16 Jalan Masjid S 418941 (District 14 ) Preview on 12th March 2009 - (Thursday) Price out @ 10am!! Selling starts @ 12pm Price release!!


    FREEHOLD - 1 Block of 5 Storey Development of 60 residential + 8 shops units

    TOP : END 2011

    Unit Type :

    Typical Units
    From $3xxk only ( 12 Units )
    1 Bedroom ( 344sqft - 527sqft )

    From $4xxk only ( 29 Units )
    1+1 Bedrooms ( 430sqft – 560sqft)

    From $5xxk only ( 3 Units )
    2 Bedrooms ( 581sqft )

    From $5xxk only ( 6 Units )
    2+1 Bedrooms ( 538sqft – 624sqft)

    PENTHOUSES
    From $6xxk only
    1 Bedroom Penthouse ( 635 sqft )

    From $7xxk only ( 2 Units )
    1+1 Bedroom Penthouse ( 818sqft )

    From $8xxk only ( 6 Units )
    2 Bedrooms & 2 + Study Penthouse ( 829sqft - 1173sqft )

    *Price estimates are based on estimates only and act only as a guideline. Different level/facing commands a different pricing.

    (Only For Residential Unit)
    Special Payment Scheme : 5%+15% Downpayment & nothing till TOP with OCBC BANK Loan!!

    Commercial Units : 8 Commercial Shops ( 420 sqft - 872 sqft )
    Shops selling from TBC

    Selling Points

    1) Mins to Kembangan MRT ( 2mins walk /200m)
    2) Kembangan Plaza & Siglap Park Connector
    3) Low Quantum Amount with Low Maintenance Fees
    4) High Rental Yield of above 5.5%!!!
    5) Mins to Orchard & CBD Area By Train


    CALL ME NOW.... THE HOTTEST IN MARKET NOW. DUE TO OVER-WHEELING, PLEASE MEET ME OUT BEFORE THE DAY IT LAUNCH. IT ALREADY HAD MORE THAN 50% RESERVED!!


    Chris 81683203

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    mr funny is offline Any complaints please PM me
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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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    Only dwarfs, midgets or ethiopian refugees need apply

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    Did anyone go down for VVIP yesterday?

    Can shed some light?

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    been there yesterday. Already 100% Sold. Gosh, where is the recession???

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    wow OMG

    at $950 for a smaller unit still have taker....

    I dun think will flipp....

    how can tat area fetch at this price ....
    I rather pay a bit more for town


    this show sin ppl still hv $$$$$$$$

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    Quote Originally Posted by Acer
    wow OMG

    at $950 for a smaller unit still have taker....

    I dun think will flipp....

    how can tat area fetch at this price ....
    I rather pay a bit more for town


    this show sin ppl still hv $$$$$$$$
    Looks like buying sentiment will be back soon. Cheong Ah...

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    i dunno whether to laugh or cry. if sentiment is improving, my shorts are busted - at least my property value is preserved.

    lol

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    Quote Originally Posted by gfoo
    i dunno whether to laugh or cry. if sentiment is improving, my shorts are busted - at least my property value is preserved.

    lol
    But I still think in stock market, the rally will be a short term one. May not be able to sustain.

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    good good, buy buy ~~

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    Agree ! 500+ sq ft is 2+1. What a joke... Bedroom is really bedroom. One bed + one room.






    Quote Originally Posted by Geylang OKT
    Only dwarfs, midgets or ethiopian refugees need apply

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    Quote Originally Posted by propertyinvestor
    Looks like buying sentiment will be back soon. Cheong Ah...
    Ya.. looks like the buying sentiment is back. Heard the units are fully sold. Only left the shop units..

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    hey geylang okt, maybe those kateks made a lot from shorting market, so now got money to buy

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    maybe can convert to those day-hotel that charges hourly rate for doing biz? the bed+room type?

    or maybe pets hotel?

    Quote Originally Posted by thomastansb
    Agree ! 500+ sq ft is 2+1. What a joke... Bedroom is really bedroom. One bed + one room.

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    Doghouse? Hey! Wont that make you their neighbour? hee.e..ee


    Quote Originally Posted by xtink
    maybe can convert to those day-hotel that charges hourly rate for doing biz? the bed+room type?

    or maybe pets hotel?

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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

    View more photos

    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.'

    [email protected]

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    Large freehold condo site sold for $158M
    The Business Times
    Thursday, 22 October 2009

    In what is one of the biggest freehold condo site deals in the last 12 months, Lee Tat Development has sold a 207,000 sq ft plot at the end of Jalan Senang and Lengkong Tujoh, off Sims Avenue, for $158 million.

    The buyer is a joint venture involving Hoi Hup and Malaysia’s Sunway group.

    The purchase price works out to about $445 per square foot of potential gross floor area, including an estimated development charge of about $36 million.

    The vacant plot is zoned for residential use with a 2.1 plot ratio (ratio of maximum potential gross floor area to land area) and a 12-storey maximum height under Master Plan 2008.

    Credo Real Estate brokered the sale through a private treaty deal.

    ‘According to our records, this sale could mark the first large-scale freehold condominium site sold in almost two years, that is, since the tail-end of the active en bloc sale market of 2007,’ Credo’s managing director Karamjit Singh said.

    ‘Transactions of large private residential redevelopment sites belonging to a single owner are very rare,’ he added.

    The last known sale of a site of this scale was that of No 97 Meyer Road, with a land area of 115,303 sq ft. It was sold by Della Lee to the Hong Leong Group in 2007 for about $201 million.

    The buyer of the Jalan Senang site is looking to build a condo with a total of about 400 to 500 units.

    ‘At their purchase price, their break-even is expected to be around $800 psf, while they could expect to sell at about $900 psf on average,’ according to Mr Singh.

    A spokesperson for Hoi Hup told BT that most units in the proposed condo will be two-bedroom apartments and two-bedroom- plus-study units.

    ‘Studios will form only about 10% of units. We’ll also have three-bedroom apartments. Jalan Senang is a family-type area and the development will be more suitable for upgraders, rather than investors,’ she added.

    The proposed condo is expected to be launch ready in six to nine months.

    Hoi Hup and Sunway group have also teamed up to develop two Design Build and Sell Scheme (DBSS) projects for the Housing & Development Board – The Peak at Toa Payoh and City View @ Boon Keng.

    The Peak, with a total 1,203 units, is about 85% sold while City View, which has 714 units, is 95% sold.

    Lee Tat is said to have owned the Jalan Senang site since the 1970s and has been trying to sell the land for at least 10 years.

    It was put up for tender in 1999 but is said to have failed to fetch an asking price of about $150 million.

    Lee Tat is controlled by Ching Mun Fong, who has been a developer and property investor for more than five decades.

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    [quote=Reporter]
    Large freehold condo site sold for $158M
    The Business Times


    It's gonna face the PIE... noisy and dusty.

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    [QUOTE=Jazzer]
    Quote Originally Posted by Reporter

    Large freehold condo site sold for $158M
    The Business Times


    It's gonna face the PIE... noisy and dusty.
    Yup, absolutely and selling at 900psf? OMG.

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    [quote=Jazzer]
    Quote Originally Posted by Reporter

    Large freehold condo site sold for $158M
    The Business Times


    It's gonna face the PIE... noisy and dusty.
    Depends if there is going to be two facings like Starville, if so, then choose the non PIE facing, should be good as it would be South facing windy and quiet(er).

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    xebay11 is offline New Launch Project Specialist
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    [quote=Kenshinto80]
    Quote Originally Posted by Jazzer

    Yup, absolutely and selling at 900psf? OMG.
    900 psf is cheap, afterall so many 99 LH in HDB estates Mass Market condo can sell $1k+ psf, this development would be FH and in the middle of private landed estate also near MRT, and East Coast Park by bicycle via connector.

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    [quote=xebay11]
    Quote Originally Posted by Kenshinto80

    900 psf is cheap, afterall so many 99 LH in HDB estates Mass Market condo can sell $1k+ psf, this development would be FH and in the middle of private landed estate also near MRT, and East Coast Park by bicycle via connector.
    Frankly, we are assuming they are gonna fix it at $900 psf, which is very unlikely. I think it will be more likely at $1,000 to $1,100 and that they will come up with some unique theme for the project to justify the $1,100.

    And that the noise of the PIE is not going to be solved by staying in a face-away unit too.

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    [quote=Jazzer]
    Quote Originally Posted by xebay11

    Frankly, we are assuming they are gonna fix it at $900 psf, which is very unlikely. I think it will be more likely at $1,000 to $1,100 and that they will come up with some unique theme for the project to justify the $1,100.

    And that the noise of the PIE is not going to be solved by staying in a face-away unit too.
    I have been to Starville, non-PIE facing unit, the sound is totally blocked by the back stacks but of course not sure if dead in the night can feel rumbling of the traffic......I am very sensitive to noise too but my sensitivity is extreme, so others may find the rumbling OK, after all many people do live in the Inifiniti facing AYE with no issues . But to me the expressways will generate pollution and dust too.

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    Quote Originally Posted by mcmlxxvi, Property market sentiment 2010, 26 February 2010 1.35 pm
    But according to my SISV search,

    14 JLN MASJID KEMBANGAN SUITES 420 0 APT FH May 2009 568,000 1,352

    It's 1352psf (new high ......
    $1,352 psf?
    Wow! A nëw hïgh for Kembangan Suites!
    Cool!

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    Is this the place where midgets and mickey mouse reside?

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    Anyone keeping track of this development?

    I have vested interest, bought a studio and 1+1 back in early 2009 during the launch and sort of forgot about this project. Passed by yesterday and saw that the back was all ready and the front is still under construction. Think its the limitation of space that they have to build it this way.

    Looking at the asking prices of D'Oasia and the other units in KS at 1200-1300psf, sounds ridiculous for this area? Think I paid like 800 psf only. But then, anything is cheap now.

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    Quote Originally Posted by bullman
    Anyone keeping track of this development?

    I have vested interest, bought a studio and 1+1 back in early 2009 during the launch and sort of forgot about this project. Passed by yesterday and saw that the back was all ready and the front is still under construction. Think its the limitation of space that they have to build it this way.

    Looking at the asking prices of D'Oasia and the other units in KS at 1200-1300psf, sounds ridiculous for this area? Think I paid like 800 psf only. But then, anything is cheap now.
    So you gonna rent out or sell to cash out?

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    Quote Originally Posted by mcmlxxvi
    So you gonna rent out or sell to cash out?
    Most probably will rent out as MM units now fetch very high yield. With my purchase price and going by rental at D'gallery and bliss residences, I can hit 7-8% yield.

    Because of the small size of the MM units, even if I sell at 400-500 psf gain, the quantum also not much meat. Besides, the replacement cost is so much higher.

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    Quote Originally Posted by bullman
    Most probably will rent out as MM units now fetch very high yield. With my purchase price and going by rental at D'gallery and bliss residences, I can hit 7-8% yield.

    Because of the small size of the MM units, even if I sell at 400-500 psf gain, the quantum also not much meat. Besides, the replacement cost is so much higher.
    Ya dgallery gog at like 2.5-2.8k rental

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    Quote Originally Posted by mcmlxxvi
    Ya dgallery gog at like 2.5-2.8k rental
    Yes. I was surprised when I saw the rental. This kind of rental can get units at the Farrer Park mrt area already right? When I bought, my expectation for the studio was just 1800-2000. Anything more is jackpot.

    Read from the D'Oasia thread that you are the proud owner of a studio. Great development from the amount of facilities and space at the top floor and 2nd floor. This developer is very unlike typical ones who squeeze buyers dry. Congrats.

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