F01 N54 Sheer Driving Pleasure
"I am flabbergasted at Roubini’s comment about bubbles because there is nöt a single market in the world making all-time highs except gold, US Government Bonds, Cocoa, and the Sri Lankan stock market. That’s hardly reason to call for a bubble. So, I am most perplexed about this alleged bübblë which is out there."
- Prof. Jim Rogers, Jr.
. Creator
. Rogers International Commodities Index
. Wednesday, 30 December 2009
Newbie
Mr Mah did not say anything about taking back old HDB flats at original price.
He only talked about selling new flats at fix price.
Mr Mah's words below....
"In other words, I sell you a flat at fixed price, when you sell the flat, you have to sell it back to me also at a fixed price. In other words, you are not allowed to profit from the flat. There you can keep flat prices fixed."
All old HDB lats can operate the same way as they do now. Only new HDB flats have this special buy back clause. The scheme is very workable but i doubt they will do so.
Originally Posted by jlrx
To test whether these "no price increase" HDB flats will be popular, all we need to do is conduct a simple experiment.
Go to Marine Parade and ask Granny Yeo and Grandpa Sharma whether they are willing to return their HDB flats to Mah Bow Tan for $100,000.
If they say "YES!!! YES!!! Free rental for 35 years!!! Worthless in another 15 years!!! Take it back! Take it back!!! Give me $100,000!!! HOORAY!!!" ... then the scheme will be workable.
The Straits Times
Scenic drive
HDB flats with great views are in hot demand.
Tay Suan Chiang
Sat, Jun 23, 2007
Madam Yeo Wee Geck on her 20th-storey Marine Parade unit. She can catch the sunrise as well as enjoy the sea view from her flat.
Mr Chris Koh, director of Dennis Wee Properties, says prices for private properties have soared over the past year due to the influx of investment from foreigners and buyers' confidence in the Singapore economy.
And that has also boosted the demand for HDB flats in good locations and on higher floors.
He cites the example of a five-room HDB flat in Marine Parade that has unblocked views of the sea. He says that, three years ago, it would have fetched about $350,000.
"A year ago, it could sell for $400,000. Today, buyers are willing to pay $500,000," he says.
But even though their flat may now fetch a higher price, some home owners are unwilling to sell.
Housewife Yeo Wee Geck, 85, is one. The grandmother of six lives with her only daughter and their maid in a five-room HDB flat in Marine Parade. She bought the 20th-storey unit in the early 1970s for $30,000.
She gets to watch the sun rise from her flat, as well as enjoy views of East Coast Park and the sea. "It is so breezy here. I won't move out," she says.
Block 29 Marine Crescent. RETIREE P.R. Sharma, 81, has a view from his 20th-storey flat that many Singaporeans would envy.
His five-room HDB point-block flat overlooks East Coast Park and the city skyline in the distance. He can even see the sea from a side window and from the bedroom and living room.
He gets to enjoy the sunrise from his flat, watch planes land and take off from nearby Changi airport and count the number of tankers dotting the sea off East Coast Park.
He paid $35,500 for the flat in 1974, and says he was offered about $900,000 for it nearly 20 years ago. Property agents say the current selling rate for such a flat is $500,000.
He adds that even if he was offered $1million today, he would not sell it. He gets about three flyers a day from agents looking for sellers but he throws them in the bin without even looking at them.
Junior
Good one.
So we see there are many ways the PAP govt can do to instantly stabilise the public housing prices - basically to take those who wish to profit from public housing out of the equation.
The desirable social consequences are rise in household disposable income, which can raise domestic consumption, more incentive for PR to convert to citizenship, less freeloaders. But of cos, less $$ for the PAP govt hahaha ~
F01 N54 Sheer Driving Pleasure
Have a Happy and Prosperous 2010, brothers and sisters!
Enjoy the song from these 2 BB old men and their AA ex-wives.
Music video link: http://www.youtube.com/watch?v=dcLMH8pwusw
Happy New Year
ABBA
Göran Bror Benny Andersson .and. Björn Kristian Ulvaeus, © 1980
I ... (piano) . Asus2 ...... E/A ...... A ...... E/A
...... A .................. Bm7
V1. No more champagne
...... And the fireworks are through
...... Here we are, me and you
...... Feeling lost and feeling blue
...... It's the end of the party
...... And the morning seems so grey
...... So unlike yesterday ....... Esus4 ...... E
...... Now's the time for us to say .....
......................... A
C ... Happy new year
...... Happy new year
...... May we all have a vision now and then
...... Of a world where every neighbour is a friend
...... Happy new year
...... Happy new year
...... May we all have our hopes, our will to try
...... If we don't we might as well lay down and die
...... You and I
...... A ................ Bm7
V2. Sometimes I see
...... How the brave new world arrives
...... And I see how it thrives
...... In the ashes of our lives
...... Oh yes, man is a fool
...... And he thinks he'll be okay
...... Dragging on (hoo-hoo), feet of clay (hoo-hoo)
...... Never knowing he's astray
...... Keeps on going anyway
repeat C
...... A ................. Bm7
V3. Seems to me now
...... That the dreams we had before
...... Are all dead, nothing more
...... Than confetti on the floor
...... It's the end of a decade
...... In another ten years time
...... Who can say (hoo-hoo) what we'll find (hoo-hoo)
...... What lies waiting down the line
...... In the end of eighty-nine
repeat C
E ... (piano) . Asus2 ...... E/A ...... A ...... E/A ..... (fade)
F01 N54 Sheer Driving Pleasure
Done Deals
Regency Park resale prices cross $1,700 psf
The Edge
Monday, 21 December 2009
Regency Park
Regency Park may be 19 years old, but the 292-unit condominium has recently been on the radar of property investors. On Nov 20, 3 caveats were lodged for its units, with average prices ranging from $1,584 to $1,727 psf.
Alexz Wan, an associate with Propmax Real Estate and a property marketing agent who specialises in the project, says investors are betting that new launches in the neighbourhood will be priced higher. In the prestigious Nathan Road enclave, TID Pte Ltd (a joint venture between Hong Leong Holdings and Mitsui Fudosan) is likely to launch a 65-unit development next year, and Kajima Overseas Asia has an empty plot in the neighbouring Bishopswalk, which has yet to be launched. Regency Park is easily the largest development there, sitting on a sprawling freehold 500,000 sqft site on Nathan Road, and is accessible via Grange and River Valley Roads.
In the River Valley Road neighbourhood, CapitaLand’s 127-unit Latitude (formerly Drag- on View Mansion) on Jalan Mutiara, was relaunched in July, and units have been sold at $1,662 to $1,930 psf. The most recent caveats in the development were in October, when two 1,615 sqft units were sold for $2.781 million ($1,722 psf) and $2.965 million ($1,836 psf) respectively.
The attraction of Regency Park is the size of the units, with 3-bedrooms ranging from 2,228 to 3,283 sqft; 4-bedrooms from 3,455 to 3,649 sqft; and penthouses at 6,049 to 6,415 sqft. The units are sought after by Cäücäsïän expatriates because of their spaciousness and large balconies, says Wan.
Depending on layout, unit size, condition of the apartment and views, monthly rental rates are $11,000 to $12,000 for some of the 3-bedroom apartments, and $14,000 to $16,000 for 4-bedroom apartments, says Wan. “Most of the owners in the project are professional investors,” he adds. “They really take care of their apartments.”
Wan is marketing 3 units in the project, ranging from a 3,175 sqft 3-bedroom apartment going for $5.18 million ($1,631.50 psf) to a 4-bedroom 3,649 sq ft unit priced at $6.5 million ($1,781 psf). Most of the potential buyers are looking at cash flow and capital-upside potential, says Wan.
Knight Frank associate Benny Yeo is marketing a 2,269 sqft apartment at Regency Park with an indicative price of $4 million. The unit is currently tenanted at a monthly rental rate of $9,200, with at least another year outstanding in the lease, says Yeo. “A lot of Ïndönësïäns are investors in this property, and a lot of the ïntërëstëd parties in the project today are also Ïndönësïäns,” he says, adding that the main attraction are the large unit sizes and the ease of renting the units out, with very short vacancy periods between leases.
Regency Park was developed by Allgreen Properties almost two decades ago and positioned as a high-end condo with only large units starting from the three-bedroom apartments. Most recently, a sixth-floor 3,649 sqft four-bedroom apartment was sold for $6.3 million, or $1,727 psf, according to a Nov 20 caveat lodged with URA Realis. That was the third time the apartment had changed hands in the last 13 years. There could have been more transactions, but URA Realis database records go back only to January 1995.
The last time the 4-bedroom unit changed hands was in May 2007 for $6.2 million, or $1,699 psf. The previous owner had purchased the property in a resale at $3.825 million, or $1,048 psf, in March 1996, an appreciation of 62% in slightly over a decade.
The other unit at Regency Park that changed hands in the resale market recently was a second floor 2,260 sq ft, 3-bedroom apartment sold for $3.58 million, or $1,584 psf, in November. The last time the unit changed hands was in November 2006, when it was sold for $2.68 million, or $1,186 psf — a 33% capital gain in the last three years. The unit last changed hands in September 1999 for $2.18 million, or $964 psf.
The transaction prices of Regency Park apartments have made quite a comeback since the start of the year. When the market was looking rather bleak in the first 4 months, units were changing hands at $1,001 to $1,178 psf. Transaction prices picked up in August, when apartments changed hands at $1,494 to $1,603 psf.
Farther down Nathan Road is the 91-unit boutique development, Nathan Residences, by niche developer Tat Aik Property. It was launched in June at $1,200 to $1,300 psf. In the most recent new sale at Nathan Residences, a 786 sqft 2-bedroom apartment on the 4th floor was sold for $974,850, or $1,241 psf. The highest transacted price for the new project, scheduled for completion in 2012, was for another 2-bedroom apartment of a similar size on the 11th floor, sold for $1.13 million, or $1,450 psf, in September. “[Nathan Residences] is a different kind of product and appeals to a different audience. It’s a boutique development with mainly 1- and 2-bedroom apartments,” notes Wan.
In the meantime, it looks like foreign investors are gravitating towards the lärgë 3- and 4-bedroom apartments at Regency Park, and paying a premium for space.
Ordinary
this one better, 4 years ago, more recentYou should use this pic.
That looks more like a warrior from the Property Liberation Army.
Junior
Anyone who buys one of these "fixed price flats" will be strangled by their grandchildren.Mr Mah did not say anything about taking back old HDB flats at original price.
He only talked about selling new flats at fix price.
Mr Mah's words below....
"In other words, I sell you a flat at fixed price, when you sell the flat, you have to sell it back to me also at a fixed price. In other words, you are not allowed to profit from the flat. There you can keep flat prices fixed."
All old HDB lats can operate the same way as they do now. Only new HDB flats have this special buy back clause. The scheme is very workable but i doubt they will do so.
Imagine 35 yeas ago when Marine Parade flats were first sold and HDB offered the people two options:
Option A: "Fixed-Priced Flats" and Granny Yeo had chosen this option.
Option B: "Market-Priced Flats" and Grandpa Sharma had chosen this option.
Today, Granny Yeo's grandchildrens' eyes will be as green as this:
F01 N54 Sheer Driving Pleasure
李资政：我国未来十年会稳健发展
联合早报
星期六, 2-1-2009
资政在接受National Geographic杂志专访时，谈到对新加坡前途的期许时，指出我们必须确保所建立的一套行之有效的机制能继续运作。- 图: 档案照片
内阁资政李光耀对未来十年的新加坡有信心，因为他确信在现有的领导班子领导下，我国在可预见的十年内将能继续完好地运作。至于更长远的未来，则取决于政治领导层能否持续进行更新，以引进有才干的年轻领导人来接班。
他在接受National Geographic（《国家地理》）杂志专访，谈到对新加坡前途的期许时，指出我们必须确保所建立的一套行之有效的机制能继续运作。
“我认为未来十年在现有领导团队的掌舵之下，新加坡会稳健发展。至于他们是否能在未来十到十五年取得好政绩，则取决于能否引进较年轻的决策者，熟知政府的运作、以廉洁为本、强调政绩，并以民众的利益为决策依归，而非以私利为出发点。”
李资政认为新加坡建国至今所作的各项努力都必须加以延续，以促使国家继续取得成功。因为一旦治理不当，我国很可能由成功走向失败，一切打回原形。
在谈到新加坡未来的领导人所面对的最艰巨挑战时，他指出是如何保持同样的发展步伐、各级同样的治理水平及维持社会融合，同时使整个社会更加凝聚，国民都接受更好的教育。
“在100年后，纽西兰还会是一片绿草地，牛羊成群，也会是一个绿意盎然的美丽国家。然而100年之后，我不确定新加坡是否还会存在。这取决于我的接任者怎么做。这是我们所面对的情况。未来的命运由不得我来决定。”
他说：“我所能做的就是确保在我离开时，新加坡的体制仍完好有效、政府廉洁高效，掌权的领导人懂得治理这个国家，并引进人才来延续政府的高效运作。这是我所能办到的。”
李资政指出，他早已不直接参与政府的决策，而是扮演政府的“远程雷达”角色。
“所有顶尖的执行人员都知道他们是直接同政府部长接触，决策也由部长们决定。我的工作是发挥远程雷达的功能，寻找发展的机会和捕捉可能对新加坡构成威胁的事情。”
他在这次话题广泛的专访中谈到新加坡的治国方针与未来挑战，并分享个人对新加坡社会的看法，触及方方面面的问题。针对部长薪金课题，他提到政府在推出高薪养廉的政策之后，已在领导人收入问题上至少解决了一半的问题。
“然而，我们（的薪金）总是落在后头。因为每当经济走下坡，我们就不能加薪。如果经济向上走，私人企业的薪金也会在短期内快速上调，我们却不能这么做，因为人民会申诉部长的薪金加得太多了。”
他表示所谓的高薪养廉，就是政府支付部长一定薪金，让他们靠这份薪水打点自己的一切。不像在其他国家，部长虽然薪金不高，但有许多的额外津贴和优惠，就连一些最低薪的部长，他们的妻子都穿得珠光宝气，住的也是豪宅。
“所以，新加坡人必须决定他们是要部长领低薪，然后出现像英国议会那样的把戏，议员把伦敦和郊区其他房子的装修费都报公账，还是支付部长一笔合理的薪金，不另给津贴。那是你的薪金，你就用这笔钱去买车或买其他东西。”
至于公务应酬的开支都将列出来，由部长的秘书记录并交给审计官员审查。所以每项账目都明明白白，民众也一清二楚。”
F01 N54 Sheer Driving Pleasure
Singapore’s 4th-quarter home prices climb 7.3%
Bloomberg
Singapore
Monday, 4 January 2009, 1.25 pm CCT
Singapore’s private residential prices rose 7.3% in the 4th quarter from the previous 3 months, easing from the biggest rally in 28 years, according to the Urban Redevelopment Authority.
The price index of private residential property climbed to 165.5 from 154.3 in the previous 3 months, when it rallied 15.8%, the Urban Redevelopment Authority said in a statement on its website today. For the full year, prices gained 1.7%, rebounding from 2008’s 4.7% slump.
Home sales for the 11 months to end-November totalled more than 14,000, near the full-year record of 14,800 units sold in 2007, according to calculations by Bloomberg. Still, transactions have slowed since peaking in July after the government introduced measures to cap property price swings and as the recovery in the nation’s economy faltered.
Singapore’s gross domestic product contracted an annualized 6.8% from the previous three months last quarter after climbing a revised 14.9% from July to September, the trade ministry said in a statement today. That was worse than the median estimate for a 2.1% decline in a Bloomberg News survey of eight economists.
Prices for private homes in the so-called core central area (CCR) rose 7.1% last quarter and climbed 9.5% elsewhere in central Singapore (RCR), the Urban Redevelopment Authority said. They increased 5.8% across other parts of the island (OCR), according to the statement.
The data is based on transactions in the first 10 weeks of the quarter, the government agency said. It will provide an update in about 4 weeks.
F01 N54 Sheer Driving Pleasure
Pinnacle@Duxton 1房间（single room）出租$1,000
我报
星期一, 4-1-2009
新组屋的钥匙才领到不久，本地最高组屋达士岭（The Pinnacle@Duxton）的一些屋主已迫不及待刊登广告高价出租房间，1个房间月租（single room monthly rental）要价高达$1,000，比隔一条马路的广东民弄（Cantonment Close）组屋贵至少$300。
一些有意出租整个四房式单位（whole 4-room flat）的屋主更是要价$3,000。如果租出去，相信是我国租金最高的组屋之一。
不过，这些要出租的单位推出市场已两三周，仍乏人问津。
正尝试以月租$1000帮一对年轻夫妇出租单位里一个房间的经纪林淑玲坦言，开出的租金确实偏高，但她坚信达士岭地点优越，而且高楼单位可看到市区景色，具有独特吸引力。
这对夫妇是为照顾父母，才决定暂时不入伙，并向建屋发展局（HDB）申请出租整个单位。他们原本要以$3,000出租这个“位于20楼以上”的单位，并吸引了七八对夫妻洽询，不过没能成交。后来屋主改变初衷，决定只出租房间，但至今无人询问。
以屋主们目前的开价来看，如果有人想在达士岭租下整个单位，包括定金、租金和经纪佣金在内，第1个月就得拿出近$10,000，这恐怕不是一般人所能承担。
有经纪指出，达士岭组屋的设施未竣工，许多单位也正在装修，第1年的居住环境未必理想。因此以$600到$700的价格出租房间比较合理。
HDB去年第3季的数据显示，位于市区的四房式单位租金中位数是$2,200，五房式是$2,400。
根据HDB规定，新组屋的屋主不能马上出租整个单位，受津贴者须先住满5年，不受津贴者则须住满3年，而且屋主事先须获HDB同意。
F01 N54 Sheer Driving Pleasure
Prices of HDB flats at rëcörd hïgh in Q4 2009
Mustafa Shafawi
Channel NewsAsia
Monday, 4 January 2010, 1415 hrs
HDB flats
Prices of Housing and Development Board (HDB) flats are at their highest on rëcörd.
According to preliminary estimates from the HDB on Monday, the Resale Price Index of public flats stood at 150.7 in the 4th quarter of 2009 – highest on record since data was compiled in 1990.
Estimates show that prices of resale flats rose 3.8% in the last 3 months of 2009, the fastest pace of growth since the 3rd quarter of 2008. For the whole of last year, prices of resale flats rose about 8%.
HDB said flat buyers can look forward to 1,300 build-to-order (BTO) flats in Choa Chu Kang and Hougang, which will be offered for sale on Tuesday.
The housing board said it will continue to launch more BTO projects this year if there is sustained demand for new flats, and will ensure that there is an adequate supply of flats to meet prevailing housing needs.
The HDB is due to release detailed resale price data and public housing data for the 4th quarter on January 22.
Senior
$1000 for one room at duxton? people must be pretty desperate for a view there...
Senior
If the view itself is worth a million bucks, what is 1000 to rent a room there?
Senior
As a tenant, it's not worthwhile to pay 1k for one room and live with the restrictions of the landlord in the same household.better off tenanting a 4rm at bukit merah or telok blangah for 2k with a friend.
New Launch Project Specialist
Different strokes for different folks.
F01 N54 Sheer Driving Pleasure
4Q 2009 private residential property price index is out
H88
Monday, 4 January 2010, 13:51
Caribbean at Keppel Bay
URA has just launched their flash property price index for private residential properties. Guess what? It seems we are back to mid-2007 prices. Which of course leads us to say ... what economic crisis?
Property prices have risen 7.3% in the last quarter alone. The previous (3rd) quarter of 2009 had the sharpest increase of 15.8%. Looking at the chart in the URA report, it seems prices are back to the mid-2007 level.
Will the luxury market lead another property bull run in 2010 or will caution take over the exuberance we saw last year?
F01 N54 Sheer Driving Pleasure
Highest resale HDB prices ever - what will happen next
H88
Tuesday, 5 January 2009, 13:08
Unless you've been living under a rock (or in a condo or landed house), the biggest news today is not the two new BTOs - its that HDB resale prices have reached the highest ever.
Flash estimates released by HDB show that prices rose 3.8% in the last quarter, bringing the total increase for 2009 to about 8%. Why?
Well ... jokes aside, valuations and COVs have been skyrocketing and it seems to continue unabated. I've put together a little chart below to show how ridiculous the situation has become and where we could be going:
Ultimately, I think this is one issue only the government can resolve. Will 2010 be the year which new price records will be broken? Or will it be a big 'bubble' bursting? Frankly, my income has not risen about 40% in the past three years to be in line with these prices - things look to be only getting tougher.
Junior
I've also put together my little chart for the private property market.
Is the decade starting 2010 going to be a repeat of the 1990'sor 2000's
?
F01 N54 Sheer Driving Pleasure
Oh, jlrx!
Your preaching is also working in District 9.
Senior
a replica of the 2000 is a more logical path.
F01 N54 Sheer Driving Pleasure
jlrx, are you that good?
Your preaching seems to be working on ECs too!
The 5-year-old Nuovo EC has just set a new high of $674 psf!
This is higher than the $667 psf set by the sold-out La Casa EC in a primary sale.
Unbelievable!
Nuovo
Address .................................... psf .............. Area ........... Price .......... Contract Date
25 Ang Mo Kio Avenue 9 #08-16 ..... $674 psf ..... 1,119 sqft .... $755,000 ..... 18 Dec 09
Senior
HDB prices for Q1 should be a little more interesting with the promise of multiple releases of BTO projects.
Junior
Amitabha!
Propertism is spreading far and wide!
I hope that one day everyone in Singapore, including the non-believers, will be convinced that properties are the best investment.
"2000 is a more logical path" ... are you thinking of Osama Bird Fluden ?!!
Senior
so what happened in 2000 ? and 1990 ?
F01 N54 Sheer Driving Pleasure
Yup! Spreading far and wide.Amitabha!
Propertism is spreading far and wide!
I hope that one day everyone in Singapore, including the non-believers, will be convinced that properties are the best investment.
..........
..........
As far as Sengkang in District 19!
Senior
Not something as drastic as bird flu. But a more flat trajectory is a more likely scenario going forward.
F01 N54 Sheer Driving Pleasure
Wah lau!
Preview of Urban Suites draws interest
Asking price for the units said to start from $2,500 psf
The Business Times
Wednesday, 6 January 2010
Previews are open for önly multiple unit purchases, yet this project is already drawing interest – pointing towards better days for the high-end residential market.
Urban Suites, located at the former Char Yong Gardens site at Hullet Road, is attracting serious buyers from overseas, according to sources.
BT understands that the asking price for these freehold units starts from around $2,500 psf. It is currently available to those who will buy at least 2 units and there is nö news as to when it will be open to those who wish to purchase only a single unit.
..........
..........
In a report yesterday, OCBC Investment Research maintained its positive view on the high-end sector, saying that ‘it is likely to benefit most from the opening of the two integrated resorts (ÏRs) this year’.
Why nö to purchasing only 1 unit?
Not fair leh!
Like that only buyers like "Property_Owner" etc. can buy lah.
Err ... discrimination in disguise?
F01 N54 Sheer Driving Pleasure
Phase one of CapitaLand’s Urban Suites fülly söld
Plans to launch 2nd phase in Ïndönësïä next week
The Business Times
Wednesday, 6 January 2010
CapitaLand started preview sales in Singapore for phase one of its Urban Suites condominium just before the Christmas holidays in December 2009. Located in the Cairnhill area in Singapore’s prime Orchard Road shopping district, Urban Suites is a high-end development with 165 apartments. Under 1st phase, a total of 60 units were released and sold to buyers who were prepared to purchase more than 1 unit. All 60 units were sold at prices ranging from S$2,400 to S$2,7ÖÖ psf.
CapitaLand plans to launch the 2nd phase, comprising approximately 50 units, in Jakarta, Ïndönësïä, next week.
Ms Patricia Chia, CEO of CapitaLand Residential Singapore, said: “Urban Suites is located in the heart of the Orchard Road district, Singapore's most chic and vibrant lifestyle and shopping area. The location is popular among many international and local homebuyers and sophisticated investors looking for a choice residential and lifestyle destination. We are pleased with the strong sales of Urban Suites. Approximately twö-thïrds of the buyers are international homebuyers from countries including Chïnä, Australia and Canada. The majority of the buyers purchased two units each. The successful launch of Urban Suites at the threshold of the new year is a testament of homebuyers’ confidence in the fundamentals of the Singapore economy and growth potential of our high-end property segment.”
Urban Suites sits on a 8,665 sqm (93,274 sqft) freehold site (former Char Yong Gardens) bounded by Cairnhill Road, Hullet Road and Saunders Road. Designed by Kerry Hill Architects, the 165-unit development is a contemporary architectural statement comprising two 20-storey towers and one 17-storey tower. Buyers have a choice of unit types namely 2-, 3-, and 4-bedroom apartments as well as duplex and triplex penthouses. These elegant homes range from 97 sqm to 438 sqm (about 1,044 sqft to 4,715 sqft). Residents will enjoy a full suite of recreational facilities within the condominium, including a lap pool, Jacuzzi pool, gymnasium, fitness facilities and BBQ area.
Temporary Occupation Permit for the condominium is expected to be obtained in 2013.
Urban Suites is developed by CapitaLand Residential Singapore together with its joint venture partner. CapitaLand is the lead development manager for the project, responsible for the full spectrum of sales & marketing, product design and development, and project management.
Urban Suites is well-located within walking distance of shopping malls and a host of dining and entertainment facilities. It enjoys great transport connectivity via the Somerset MRT station as well as the nearby Central Expressway (CTE). The condominium is located near popular malls such as ION Orchard, Mandarin Gallery and 313@Somerset. Good schools in the vicinity include Anglo-Chinese Junior School, Chatsworth International School and the Overseas Family School. Urban Suites is also adjacent to Urban Resort Condominium, a boutique development by CapitaLand.
F01 N54 Sheer Driving Pleasure
The Shore Residences and Urban Suites selling well
H88
Wednesday, 6 January 2010, 12:06
If you are still sitting on the fëncë about getting a 1-bedroom apartments at The Shore Residences, don't bother. All of them have been snapped up already ... and dön't say we didn't wärn you!
In total at least 183 units were sold by 1st January 2010. Other configurations such as the 2- and 3-bedroom apartments are still flying off the shelves according to the developer, Far East Organization.
Over in District 9, Urban Suites a luxury condominium has sold all its 60 units in phase one. Prices ranges between $2,400 and $2,700 psf and according to The Edge, the second phase will be launched in Jakarta, Indonesia next week.
It sure looks like 2010 is starting with a bïg bäng for property!
Junior
Wonder whether Property_Owner has again "thrown in a few cheques" for this Urban Suites?
If so then you can buy from him.
Since you are fellow forumer, he may flip it to you for only 20% profit.
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