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Thread: The Chuan (D19, 999LHh, Kheng Leong)

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    Default The Chuan (D19, 999LHh, Kheng Leong)

    anyone any info on this development? like what price was it launched for and when etc?

    Past 1yr transacted prices are 930-1000psf...

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    got a friend of my who bot at soft launch..3bedroom (cant rem sqf) quite high floor ..he paid abt avg $750 psf

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    Just went to view the place last weekend. Can I ask what is a reasonable price psf to pay for this 999 development? Would like to find out your views on how much will you be willing to pay for this project if you were really interested? Many thanks.

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    Quote Originally Posted by paulho77
    got a friend of my who bot at soft launch..3bedroom (cant rem sqf) quite high floor ..he paid abt avg $750 psf
    When was the soft launch? ... was it a few years back (just to gauge if that's reasonable)?? Doesn't sound cheap if it's before '06/07 ....

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    Am a serious buyer interested in a 2 bedroom unit in this development. If there are any sellers, please PM me. Thanks.

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    I am looking for a 3/3+1/4 br apt here. Serious buyer. Pls pm me if you're serious seller. Tks!

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    Anyone know whether noise from CTE is an issue ? Visited the place recently, and got this rumbling noise all over.

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    15 bids received for residential site at Serangoon Aveune 3
    Channel NewsAsia
    Wednesday, 7 October 2009, 1900 hrs



    The Urban Redevelopment Authority (URA) received 15 bids at the close of the tender for the residential site at Serangoon Avenue 3 on Wednesday.

    The site, which was originally on the Reserve List of the Government Land Sales Programme, was launched for public tender on September 9. The 99-year leasehold site has an area of about 13,877 square metres and a maximum permissible gross floor area of 38,857 square metres.

    Intrepid Investments submitted the highest bid of S$221.2 million, followed by Tuas Hi-Tech Park at S$195.9 million and Keppel Land at S$190 million. The lowest bid of S$120 million came from Lippo Estates.

    Li Hiaw Ho, Executive Director, CBRE Research, said: "The popularity of the Serangoon Avenue 3 site is evidenced by the 15 bids that were submitted as well as their price quantum.

    "Developers are very confident of this site because it is situated next to the Lorong Chuan MRT station and is close to the Australian International School. It is also close to amenities in Serangoon Gardens and the upcoming shopping mall, nex, at Serangoon Interchange station."

    CBRE said the top bid of S$221.2 million works out to S$529 per square foot per plot ratio and is 164% above the reserve price of S$83.7 million.

    "This price will likely translate into a breakeven price of about S$900 psf to S$950 psf for the future condominium project to be built on this site. Based on this breakeven estimate, the possible selling price could range from S$1,000 psf to S$1,100 psf," said Li.

    Recent caveats of nearby properties - The Chuan, a 999-year leasehold condo development, and the freehold Goldenhill Park - showed selling prices ranging from S$830 to S$1,000 psf, while those in the 99-year leasehold The Springbloom were selling at S$600 to S$700 psf.

    URA said a decision on the award of the tender for the Serangoon Avenue 3 site will be made after the bids have been evaluated.

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    罗弄泉地铁站旁私宅地段招标火热
    李韵琳
    联合早报
    星期四, 8-10-2009

    政府针对楼市采取的一系列降温措施,看来没有浇灭发展商高价投标新地皮的热忱

    位于罗弄泉地铁站旁的一幅共管公寓地段,是降温措施宣布后,第一个招标截止的纯私人住宅地段。该地段招标反应热烈,吸引了15方人马出手,是2007年以来政府招标出售的住宅地段当中,最多发展商竞标的地段。 2007年6月,达高轩(Dakota Residences)的所在地也曾吸引15方人马竞标。

    这次出价最高的丰隆集团开出2亿2120万元的标价,即容积率每平方英尺529元,与当初“勾”地的8370万元最低保留价足足高了164%,相信是近年来差价最高的项目之一。即使是2007年和2008年,楼市高峰期期间,大多数的差价都不超过60%。

    本地楼市自今年三月有起色以来,新私宅项目大多热卖,不少发展商的土地库几乎耗尽,因此接二连三地“政府备售地段来补仓


    位于罗弄泉地铁站旁的一幅共管公寓地段,是降温措施宣布后,第一个招标截止的纯私人住宅地段。

    过去三个月以来,四个被“勾”出的政府备售地段都吸引了至少12方人马竞标。

    政府自去年11月冻结了售地计划以来,第一幅被“勾”出,于7月份公开招标的策士纳路99年地契共管公寓地段,有13人马出手,最后由丰隆集团与城市发展以1亿4368万元,即容积率每平方英尺280元来拿下,标价比最低保留价格高了132%。

    第二幅地段位于达高打弯和第三幅地段位于杨厝港路及实里达路交界处综合性商住地段,则分别获13和12方人马竞逐。

    市场人士指出,这反映出发展商非常“饥渴”,只要是潜质的地段都宁可杀错不可放过

    几乎所有的大型发展商都参与了四幅地段的竞标。昨天招标截止的这个实龙岗三道地段,出手第二高的远东机构开出1亿9588万元,比丰隆集团的开价低了13%。吉宝置业、星狮地产、森联集团、MCL地产、和美、职总安居、国浩置地和力宝等发展商也都榜上有名。

    以丰隆集团的出价计算,分析师指出,标价比他们预想得还要高,建起来的公寓将不便宜,单单本钱就要大约950元,也就是说,发展商或许得以每平方英尺1100元左右的价格推出这个项目。

    可能将建设小型单位

    资深房地产分析师麦俊荣原本预计最高投标将介于1亿元至1亿3000万元,但实际标价却高了一倍

    他说:“这样的售价将比这一带的99年地契和永久地契转售单位在过去三个月所取得的转售价来得高。要取得这样的高尺价,发展商看来计划建设较多的小型单位。这一带以1000平方英尺左右的三卧房式单位为主。丰隆集团也许计划发展700至800平方英尺的较小面积三卧房式单位,或推出这一带少有的一和二卧房式单位。这么一来,这幅地段可发展340至420个单位。”

    世邦魏理仕执行董事李晓和指出,多个发展商竞夺该地段是因为看上它位于地铁站旁边,与澳洲学校和南洋初级学院毗邻,东北部最大的购物中心nex、实龙岗地铁转换站和中央高速公路都不远。

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    Hong Leong site’s design, concept to be cutting edge
    Serangoon project’s units sized according to buyers’ needs
    The Business Times
    Tuesday, 27 October 2009

    Hong Leong Holdings, which recently won a site along Serangoon Avenue 3 in a hotly contested government tender, says that it will build a one-of-a-kind project on the site with more than 400 units.

    The developer is now finalising the project but says that it will be ‘cutting edge’ in design and concept. It will also feature units sized according to the needs of buyers, said Hong Leong Holdings executive Quek Kon Hui.

    Hong Leong won the 99-year leasehold site this month in a tender by the Urban Redevelopment Authority. It put in the top bid of $221 million or $529 psf of gross floor area.

    Addressing concerns over ’shoebox’ units, Mr Quek said that Hong Leong will give value without compromising on functional living space.

    The project is expected to be launched the first half of next year.

    Separately, sales at the 175-unit Lincoln Suites in Khiang Guan Avenue, which was soft-launched last week, have been brisk, the companies developing the project said yesterday.

    Forty-six of the 56 units launched in phase one were snapped up by the close of the weekend. They comprised 15 studio units and 31 one- to three-bedroom units.

    The project is being jointly developed by Koh Brothers, Heeton Holdings, KSH Holdings and Lian Beng Group.

    The consortium paid $243 million for the District 11 site at the height of the property boom in June 2007. This worked out to about $1,200 psf ppr.

    The developers said last week that the units will be offered at an average price of $1,680 psf in the first phase but could be higher in later phases. The project will be officially launched this weekend.

    Elsewhere, GuocoLand said in an update that it sold 99% of the 180 units launched at the weekend in its Ascot Park development in Nanjing, China.

    The 180 units were launched at an average price of 8,500 yuan (S$1,742) per sq m – about 20% higher than prices in phase one, which was fully sold in July this year.

    Of those units, 178 or 99% have been sold so far. The project has 1,112 apartments in all.

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