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Thread: The Centrio (D12, Freehold, Soilbuild)

  1. #31
    Unregistered Guest

    Default Re: The Centrio (D12, Freehold, Soilbuild)

    Quote Originally Posted by Unregistered
    Do you know where can I buy a big size swimming pool if I want to stay in town?
    Park Infinia at Newton. But be prepared to pay above $1300 psf. Alternatively, you can wait for the new big condo that CDL will be building in the Thomson Rd/Balestier area. CDL have recently en bloc several condos there and they may be planning to join all the plots together for a big one. Maybe they will launch at $1000 psf but seeing how prices are going up day by day, it is unlikely. But i am still hopeful. If I am not wrong, the Anchorage and Tanglin View in Alexandra have big swimming pool and they are still affordable.

  2. #32
    Centrio owner Guest

    Default

    I saw the new launching show flat in fron of Centrio.
    anybody know what is the project name? and selling price?

  3. #33
    Novelty Guest

    Default

    Quote Originally Posted by Centrio owner
    I saw the new launching show flat in fron of Centrio.
    anybody know what is the project name? and selling price?
    That is 'IR residences'. Developer is Novelty. Selling price is more than 1300 psf.

  4. #34
    Hype Hype Guest

    Default

    Quote Originally Posted by Novelty
    That is 'IR residences'. Developer is Novelty. Selling price is more than 1300 psf.
    Price will drop soon. Cant sustain 1300psf.

  5. #35
    who say? Guest

    Default

    Quote Originally Posted by Hype Hype
    Price will drop soon. Cant sustain 1300psf.
    Who say so? Only losers are saying that repeatedly.

  6. #36
    Hype Hype Guest

    Default

    Quote Originally Posted by who say?
    Who say so? Only losers are saying that repeatedly.
    Smart ones are holding to buy 40% lower. Dumb ones rushing in now.

  7. #37
    paperplate Guest

    Default

    Quote Originally Posted by Hype Hype
    Smart ones are holding to buy 40% lower. Dumb ones rushing in now.
    I think it is not very nice to speculate or talk down the market over here.

  8. #38
    up up Guest

    Default

    Quote Originally Posted by Hype Hype
    Smart ones are holding to buy 40% lower. Dumb ones rushing in now.
    It is useless to repeat again why property price will not drop in S'pore.

  9. #39
    Centrio owner Guest

    Default Irawwaddy rd

    Centrio is building constantly but pace seems a bit slow.

    <img src="http://img.todaystory.net/img/4752d7e2a3ea31940d94fca5914a5d20.jpg" alt="" style="border:0;" />


    <img src="http://img.todaystory.net/img/7bfd18b11d97ef9d4379841c50ab6a4e.jpg" alt="" style="border:0;" />

    <img src="http://img.todaystory.net/img/32a8cc7ae1d5a91ddefa5af154f0f4c8.jpg" alt="" style="border:0;" />

    <img src="http://img.todaystory.net/img/b920c95e9d5a5fa664308c3dfc892fd4.jpg" alt="" style="border:0;" />

  10. #40
    image Guest

    Default

    next time just put your picture link in between these [img] and [/img] tags








  11. #41
    nice picture Guest

    Thumbs up Thank you

    It looks very nice condo!

  12. #42
    Centrio owner Guest

    Default Sweet collective-sale deal for 15 houses in Balestier

    These 15 houses are just opposite of The Centrio.
    I just passed by there and saw houses are empty and people already moved out.


    ==========================================================
    Sweet collective-sale deal for 15 houses in Balestier

    Kua Zhen Yang Fiona Chan
    Wed, Nov 21, 2007
    The Straits Times



    IT TOOK 18 months but the owners of 15 terrace houses in Balestier have pulled off a sweet deal to match some of the collective sales that have been making headlines all year.

    They have banded together to sell their properties for $61 million, giving each a payout of about $4 million.

    This is two to three times what they would have made for their homes individually and a huge gain for those who bought several years ago.




    It is quite a coup given that the deal was trickier than the usual collective sale and the fact that the once-roaring en bloc market has cooled considerably since tougher rules were put in place last month.

    The quieter market made the sale of the 15 terraces in Jalan Bunga Raya quite an achievement, said Mr Shaun Poh, senior director for investment advisory services and auctions at DTZ Debenham Tie Leung, which marketed the houses.

    The mostly two-storey homes are not strata-titled as in a typical condo. This meant every owner had to agree to sell, unlike in a strata development where only 80 per cent of owners have to agree.

    While similar deals have been sealed before, getting 15 out of 15 owners to sign the deal 'was a challenge', Mr Poh said. 'If anyone doesn't sign, that's it. No deal.'

    DTZ worked for about 18 months to collect all the signatures, he said.

    The offer proved too sweet to resist for owners such as housewife Virgie Orlino, 47, who was initially reluctant to sell her house, which has been home for about 14 years.

    'We didn't want to sell, but the rest wanted to sell, so we decided to cooperate,' she told The Straits Times, adding that the price was 'not bad'.

    For some owners, who bought their homes more than 10 years ago, the payout represents a real windfall.

    Retiree Ho Chaw Fu, 70, is 'very happy with the price'. No wonder: Mr Ho bought his house for $300,000 about 30 years ago.

    He may not be alone. Although one or two of the homes - lined up in two rows along a cul-de-sac - appear recently renovated, others look decades-old.

    Despite acrimony being the word of the day for many other collective sales, the Balestier terraces deal went quite smoothly, owners said.

    One owner, who did not want to be named, said people in the street 'get along very well' and were 'very cooperative' about the sale. He added that a few were planning to relocate together to another area so they could still be neighbours.

    A reason for all this harmony could be the good price the sellers fetched. It works out to $739 per sq ft (psf) of potential gross floor area - a record level for Balestier, said Mr Poh.

    The Balestier area has seen keen interest from developers such as City Developments and Soilbuild, which have both picked up projects in the vicinity recently.

    The buyers of the terraces are understood to be a Chinese property developer and its Singaporean partner.

    They were awarded the properties on the very day the tender closed, which means their bid was fairly strong.

    They can build up to 36 storeys on the site, which has a plot ratio of 2.8.

    About 56 apartments can be built with an average size of 1,500 sq ft each and may eventually be sold at $1,400 to $1,500 psf.

    The developers also get the road itself, which they can keep or use as development land.

    A similar deal was sealed last year when owners of some bungalows in Bukit Timah teamed up to sell their properties and developer Simon Cheong bought a group of 16 terrace houses in Cairnhill last year.

  13. #43
    Join Date
    Jun 2008
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    Default Any updates?

    Any updates on when this will TOP? Anyone looking to urgently sell?

    What was the original price?

    Have not seen any SoiBuild units before. The outside looks very modern and nice - just my taste. But not sure the finishing is up to standard.

    Any owners here?

  14. #44
    Join Date
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    Default

    Hi there,

    I had brought 2 unit 614 studios and had since sold 1 unit . If u're interested pls drop me a pm . They are currently laying the tiles in the lower floors living room . Top by them is 2010 but expected end of this year . Under progressive payment . But i dun think u like the unit number . Launch price is ard $1000 psf and another project launching soon by solid build is also $1000 psf .

  15. #45
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    Default

    The lucky corner terrace owners got $4.3m while the rest about $4m. They are laughing to the bank but I am quite sure the developer isn't

    Quote Originally Posted by Centrio owner
    These 15 houses are just opposite of The Centrio.
    I just passed by there and saw houses are empty and people already moved out.


    ==========================================================
    Sweet collective-sale deal for 15 houses in Balestier

    Kua Zhen Yang Fiona Chan
    Wed, Nov 21, 2007
    The Straits Times



    IT TOOK 18 months but the owners of 15 terrace houses in Balestier have pulled off a sweet deal to match some of the collective sales that have been making headlines all year.

    They have banded together to sell their properties for $61 million, giving each a payout of about $4 million.

    This is two to three times what they would have made for their homes individually and a huge gain for those who bought several years ago.




    It is quite a coup given that the deal was trickier than the usual collective sale and the fact that the once-roaring en bloc market has cooled considerably since tougher rules were put in place last month.

    The quieter market made the sale of the 15 terraces in Jalan Bunga Raya quite an achievement, said Mr Shaun Poh, senior director for investment advisory services and auctions at DTZ Debenham Tie Leung, which marketed the houses.

    The mostly two-storey homes are not strata-titled as in a typical condo. This meant every owner had to agree to sell, unlike in a strata development where only 80 per cent of owners have to agree.

    While similar deals have been sealed before, getting 15 out of 15 owners to sign the deal 'was a challenge', Mr Poh said. 'If anyone doesn't sign, that's it. No deal.'

    DTZ worked for about 18 months to collect all the signatures, he said.

    The offer proved too sweet to resist for owners such as housewife Virgie Orlino, 47, who was initially reluctant to sell her house, which has been home for about 14 years.

    'We didn't want to sell, but the rest wanted to sell, so we decided to cooperate,' she told The Straits Times, adding that the price was 'not bad'.

    For some owners, who bought their homes more than 10 years ago, the payout represents a real windfall.

    Retiree Ho Chaw Fu, 70, is 'very happy with the price'. No wonder: Mr Ho bought his house for $300,000 about 30 years ago.

    He may not be alone. Although one or two of the homes - lined up in two rows along a cul-de-sac - appear recently renovated, others look decades-old.

    Despite acrimony being the word of the day for many other collective sales, the Balestier terraces deal went quite smoothly, owners said.

    One owner, who did not want to be named, said people in the street 'get along very well' and were 'very cooperative' about the sale. He added that a few were planning to relocate together to another area so they could still be neighbours.

    A reason for all this harmony could be the good price the sellers fetched. It works out to $739 per sq ft (psf) of potential gross floor area - a record level for Balestier, said Mr Poh.

    The Balestier area has seen keen interest from developers such as City Developments and Soilbuild, which have both picked up projects in the vicinity recently.

    The buyers of the terraces are understood to be a Chinese property developer and its Singaporean partner.

    They were awarded the properties on the very day the tender closed, which means their bid was fairly strong.

    They can build up to 36 storeys on the site, which has a plot ratio of 2.8.

    About 56 apartments can be built with an average size of 1,500 sq ft each and may eventually be sold at $1,400 to $1,500 psf.

    The developers also get the road itself, which they can keep or use as development land.

    A similar deal was sealed last year when owners of some bungalows in Bukit Timah teamed up to sell their properties and developer Simon Cheong bought a group of 16 terrace houses in Cairnhill last year.

  16. #46
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    Default The Centrio is right choice now.

    Quote Originally Posted by oxboy99
    Any updates on when this will TOP? Anyone looking to urgently sell?

    What was the original price?

    Have not seen any SoiBuild units before. The outside looks very modern and nice - just my taste. But not sure the finishing is up to standard.

    Any owners here?
    I bought 980sqf 2+studyroom unit in launching time. Mine is in high floor.

    Soilbuild has been building quite number of projects within prime districts, like One tree hill in Grancge rd. and Leonie Parc View in Leonie Hill rd,
    and known as its unique and modern design of appearance of condo.

    You can get the all the names of condos from Soilbuild website. www.soilbuild.com


    Recently, I got stroll down to Balestier road, and quite surprised that all the old, shabby shophouses were renovated or on renovation.
    It looks quite new and fresh and feel quite different from before.
    I also noticed many KTV seems to be moved out and very seldom can see them.
    One more thing to notice is there is new 24 hours food court for travellers and residences!!
    I heard Two big sized hotels will be there soon as well.

    Since government has shown their wills to develop Balestier becoming new attractions for local cuisine and sightseeing in previous Masterplan, it looks it has been gone through right procedure.

    The centrio will enjoy both Novena & Balestier developments and the owners will be benefited much in a few years.

    Grab it before you miss it

  17. #47
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    Balestier will be the new Orchard Road?

  18. #48
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    Default

    Quote Originally Posted by Geylang OKT
    Balestier will be the new Orchard Road?
    Only thing for sure is that government needs some other place to make up for expanding Orchard and also they need the place near Orchard.

    Novena & Balestier is one of the best option for it.

  19. #49
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    Default The Centrio is going to TOP soon



    This Photo was taken about 1 month ago.
    Last edited by trump7; 12-07-09 at 01:17. Reason: mis spell

  20. #50
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    Default The Centrio is going to TOP soon



  21. #51
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    mein pater im himmel! who's the architect? How much psf did ya buy it for?

  22. #52
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    Default

    Quote Originally Posted by gfoo
    mein pater im himmel! who's the architect? How much psf did ya buy it for?
    Soilbuild is famous for thir unique design! If you look at Centrio, all 4 different sides got different look!

    For price, I bought during launching time in 2007, and now asking price is about 1100psf.

  23. #53
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    Quote Originally Posted by trump7
    Only thing for sure is that government needs some other place to make up for expanding Orchard and also they need the place near Orchard.

    Novena & Balestier is one of the best option for it.
    can you explain and expand more on your above claim? interesting food for thought

  24. #54
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    Default New home buyer

    Hi guys! I just bought a unit in Centrio, 980psf 2+1 (Unit 11-04)! Very very excited! Does anyone here know when exactly its expected to TOP? Still worried if suddenly in 2months time bank valuation changes significantly. Also, a question to TRUMP7 - may i know at what psf price did you get it at launch time? We got our unit at 1096psf, and a little bit worried if we overpaid? Thanks for anyone's help!

  25. #55
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    Quote Originally Posted by kaisymae
    Hi guys! I just bought a unit in Centrio, 980psf 2+1 (Unit 11-04)! Very very excited! Does anyone here know when exactly its expected to TOP? Still worried if suddenly in 2months time bank valuation changes significantly. Also, a question to TRUMP7 - may i know at what psf price did you get it at launch time? We got our unit at 1096psf, and a little bit worried if we overpaid? Thanks for anyone's help!
    You are most welcomed here!
    I think your purchased price is quite good, since price hasn`t been raised much from launching price, so don`t worry.


    I guess TOP could be in Oct 09, but will check with Soilbuild for their expected TOP date.

  26. #56
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    Thumbs up Centrio will enjoy benefits from both Novena and Balestier developments

    Quote Originally Posted by gfoo
    can you explain and expand more on your above claim? interesting food for thought

    Now balestier area is getting brighter and can see more western foreign travellers strolling around.
    That is the main purpose which government has been putting efforts to rejuvenate old balestier to newer face.

    For Novena, I think I don`t need to mention how it has been recognized and developed and also plan to be further with many on-going projects.

    The Centrio is just between Novena(Centrio is located in 5 mins pleasant walking distance from Novena MRT and even no need to cross any road) and balestier area, so can enjoy benefits from both sides for their development plans.

    I am vey sure that Irrawaddy road will become very brisk, busy and active, once Parkway health finish their construction of new hospital center in Irrawaddy road which is now under construction. (http://www.parkwayhealth.com/hospitals/singapore/new-hospital/index.asp)

    Not only this, there will be new big hotel which will be just across the road from off Irrawaddy road, with 15 story-2 towers having about 500-600 rooms, consisting with commercial and office buildings and even with parks.
    This will be built by Hiap Hoe joint venture.
    Now, It is quite easy to imagine that people will be off from Novena mrt and then walking straight away through Irrawaddy road when they want to go this hotel.
    (you can find the article about this hotel at

    Http://agneschaw.wordpress.com/2008/08/08/business-times-hiap-hoe-jv-gets-balestier-hotel-plot-for-s733m/)


    Here I put one article which I found that the all the plans of balestier were well written and organized.

    To be concluded, I think The centrio is one of hidden gem having many good things but yet price has been remain still.

    ===================================================



    Oct 5, 2008




    property



    Spruced-up Balestier set to create buzz



    This is the last in a four-part series on the property scene in or around 'colourful' spots of Singapore



    By Jessica Cheam




    Home buyers hankering after a place in or near the city but daunted by the high prices could be pleasantly surprised by the choices coming up in one area:

    Balestier.



    The district, once known as a crime-infested area, has been spruced up recently, with private condos sprouting up.



    While police raids of its massage parlours still make the news sometimes, the area's old-world charm is undeniable and its proximity to the city centre makes it attractive.



    Because of its colourful past, it is often viewed as the poorer cousin of Novena and Newton, whose properties command higher prices though they are just next door.



    But
    Balestier is now up-and-coming, with the Urban Redevelopment Authority (URA) marking it as one of Singapore's important 'identity nodes' and implementing plans for its rejuvenation.



    URA recently awarded the last piece of state land in
    Balestier to a Hiap Hoe joint venture for hotel and commercial development. The developer also has to build and manage a public space called Zhongshan Park, meant to boost the profile of the Sun Yat Sen Nanyang Memorial Hall in Ah Hood Road, off Balestier.



    Analysts say the development will add to the vibrancy of the area, already famed for eateries specialising in local fare such as duck rice.
    Balestier is also home to numerous budget hotels such as the Fragrance and Hotel 81 chains, popular with tourists and student travellers.



    As at the end of last year, there were about 600
    hotel rooms in Balestier. Another 50 rooms are due for completion this year, not including the new hotel site, said URA.



    In addition,
    Balestier is dotted with old walk-up flats around Jalan Datoh and Jalan Rama Rama that attract clients such as foreign workers and students because of the cheap rents, say analysts. Rents are around $2,000 a month - cheap for a near-city location, says Savills director Ku Swee Yong.



    He added that some of these flats can be bought for around $800 per sq ft (psf) or less. However, many are making way for new freehold condos, especially following a spate of en bloc deals last year.



    Property developer City Developments (CDL), for example, snapped up a host of sites such as The Albany, Lock Cho Apartments and Comfort Mansion. Down the road, it also bought Concorde Residences,
    Balestier Court and Bright Building.



    Mr Ku said prices at CDL's yet-to-be-launched condo, The Arte at Thomson, could even hit $1,400 to $1,500 psf - the top range for the area - if the market is good.



    Newer existing condos such as The Marque @ Irrawaddy and The Verve went for around $1,100 to $1,200 psf in the first half. But in recent months, prices at The Verve have slipped just below $1,000 psf.



    In contrast, Novena condos such as Lucida and the Soleil @ Sinaran fetch about $1,400 psf.



    On the other side of
    Balestier, there are newer condos along Martaban Road, such as Ecoville and Medge, going for $883 to $958 psf.



    Investors can also consider Balestier's historic shophouses, with as many as 150 gazetted for conservation. Some boast architectural styles that date back to the 1840s.



    Property agent Frank Lim is selling a row of five adjoining two-storey shophouses opposite Shaw Plaza for $14 million. In total, they bring in rents of $59,000 a month - which give a yield of around 5 per cent, say property analysts.



    This level is reasonably attractive and can be improved if investors choose the right tenant mix, said Knight Frank research and consultancy head Nicholas Mak.



    Lighting shops have emerged as a major theme in the area's tenant mix. There are also eateries, karaoke bars, shopping malls and mom-and-pop shops offering goods that run the gamut from vintage sunglasses to coffee beans.



    Conservation experts at URA say they have noticed an influx of foreigners renting shophouses and renovating the buildings to live in.



    URA is looking into greening the fairly built-up area and exploring ways to make the walking experience along the road 'more conducive', said deputy director of physical planning Tan See Nin.



    He noted the number of private homes due for completion by 2011 in
    Balestier will reach 860 units.



    Balestier is home to the Global Indian International School and Curtin University is opening a new campus there next month. It is targeting 5,000 students, with 1,000 enrolled by year's end.





    [IMG]file:///C:/Users/JUNGHE~1/AppData/Local/Temp/msohtml1/01/clip_image001.gif[/IMG][IMG]file:///C:/Users/JUNGHE~1/AppData/Local/Temp/msohtml1/01/clip_image002.gif[/IMG]





    Last edited by trump7; 29-07-09 at 00:38.

  27. #57
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    Default

    Quote Originally Posted by kaisymae
    Hi guys! I just bought a unit in Centrio, 980psf 2+1 (Unit 11-04)! Very very excited! Does anyone here know when exactly its expected to TOP? Still worried if suddenly in 2months time bank valuation changes significantly. Also, a question to TRUMP7 - may i know at what psf price did you get it at launch time? We got our unit at 1096psf, and a little bit worried if we overpaid? Thanks for anyone's help!
    Hi, I checked with Developer directly that they are trying to get TOP by the end of Aug this year. FYI...

  28. #58
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    Default The Centrio is undervalued!!

    Soft Launch Of Medical Suites at Parkway Novena Specialist Centre
    Parkway Holding Limited
    Friday, 12 March 2010, 6.49 pm

    The Board of Directors of Parkway Holdings Limited (the "Company") refers to the announcement of the full year financial statements on 23 February 2010 (the "Announcement") wherein it was announced, inter alia, that the launch of the Phase 1 sale of the medical suites was imminent.

    Following the Announcement and pursuant to Rule 703 of the Listing Manual, the Board of Directors of the Company wishes to inform that they have commenced the soft launch of the sale of the medical suites at Parkway Novena Specialist Centre. The medical suites available for sale at the soft launch ranged in size between 452 sqft and 1431 sqft and are priced between S$3,588 psf and S$3,828 psf (prices excluding GST).

    By Order of the Board

    June TAY Kwok Fung
    HO Li Li
    Company Secretaries
    12 March 2010

    ========================================================

    This Novena Specialist Centre is located on the entry of Irrawaddy road.
    Let`s see the price hike of all the condos in Irrawaddy road including The centrio.

    The Centrio is very much undervalued condo since price is only about 1200psf, although newly TOP in early of 2010 and only 5-6 mins from Novena MRT.

  29. #59
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    Reporter is offline F01 N54 Sheer Driving Pleasure
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    Yup! $1,209 psf!


    The Centrio
    Address ........................... psf ............... Area ........ Price .......... Contract Date
    53 Irrawaddy Road #04-01 .... $1,209 psf .... 614 sqft .... $742,000 .... 25 Jan 10

  30. #60
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    Reporter is offline F01 N54 Sheer Driving Pleasure
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    Yup! $1,209 psf!


    The Centrio
    Address ........................... psf ............... Area ........ Price .......... Contract Date
    53 Irrawaddy Road #04-01 .... $1,209 psf .... 614 sqft .... $742,000 .... 25 Jan 10

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