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Thread: One North Residences (D5, 99 years, Kheng Leong/UOL/Low Kheng Huat)

  1. #1
    elements
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    Default One North Residences (D5, 99 years, Kheng Leong/UOL/Low Kheng Huat)



    Location: South Bouna Vista/Pasir Panjang (D 5)

    No. of Units: 405 (75 SOHO)

    Unit sizes/types: 1/2/2+S/3/4/PH with sizes from 558 to 3,200 sf (8 storey SOHO block and 14 storey residential block)

    Type of Development: Mixed residential/SOHO

    Tenure: Leasehold 99 years

    Expected Completion: 2009/2010

    Expected Prices: $850 psf

    Remarks: Similar to recent Southbank Project
    Last edited by elements; 07-03-07 at 16:07.

  2. #2
    Unregistered
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    Default Re: One North Residences (D5, 99 years, Kheng Leong/UOL/Low Kheng Huat)

    Kheng Leong's One North project hit 50% sales today, just VVIP invites only. Apparently prices have hit $1000psf from what I heard.

  3. #3
    that's sick
    Guest

    Default Re: One North Residences (D5, 99 years, Kheng Leong/UOL/Low Kheng Huat)

    Quote Originally Posted by Unregistered
    Kheng Leong's One North project hit 50% sales today, just VVIP invites only. Apparently prices have hit $1000psf from what I heard.
    oh my god that IS sick.. $1,000psf for 99 year LH in clementi... and i thought Metropolitan prices were unbelievable... this One North really takes the cake.. like all markets, the higher we climb the harder we fall...

  4. #4
    Any complaints please PM me
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    Default Re: One North Residences (D5, 99 years, Kheng Leong/UOL/Low Kheng Huat)

    Published March 8, 2007

    About 10% of One North Residences sold: sources

    Prices range from $800 to $900 psf during preview

    By UMA SHANKARI


    ABOUT 10 per cent of apartments at the 405-unit One North Residences have been sold so far this week at prices of $800 to $900 per square foot, BT understands.

    Sources say that units in the project, which is a joint venture between UOL Group and privately held Kheng Leong, started previewing to invited guests earlier this week, and since then, about 10 per cent have been snapped up.

    Prices can be expected to climb slightly during the official launch, market watchers said.

    The good response means that United Engineers (UE), which was originally planning to launch its nearby 368-unit One Rochester later this month, can now be expected to push out the project quite soon.

    Right now, the showflats for One Rochester are being built, and UE will launch the project once everything is ready, BT understands.

    One Rochester is part of a mixed development that includes a hotel, serviced apartment block and a retail complex. It has units ranging from 770 square feet to 2,900 sq ft, though most are 1,500 sq ft three-bedders.

    Industry players had earlier speculated that both UE and the UOL-Kheng Leong partnership were waiting for the other to launch its project, with the second project taking its pricing cue from the first.

    This was especially important for the developers when it comes to the $15 billion 200-ha research hub one-north, which is relatively untested when it comes to its residential potential. One-north can accommodate about 20,000 residential units in all.

    With One North Residences setting the tone, One Rochester will likely be launched at prices higher than the $800-$900 range, said one observer.

    Also this weekend, Bukit Sembawang Estates will launch the final phase of Mimosa Terrace on Mimosa Road in the Yio Chu Kang/Seletar area.

    Some 44 units are available in this phase, with 'intermediate' units going for $1.3 million each, and corner terraces offered at $1.5 million apiece.

  5. #5
    Unregistered
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    Default Re: One North Residences (D5, 99 years, Kheng Leong/UOL/Low Kheng Huat)

    This article's 10% was actually 2 days ago. Right now it is close to 80% sold already!

  6. #6
    Unregistered
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    Default Re: One North Residences (D5, 99 years, Kheng Leong/UOL/Low Kheng Huat)

    Quote Originally Posted by Unregistered
    This article's 10% was actually 2 days ago. Right now it is close to 80% sold already!
    ARE YOU SURE?! 80% SOLD OF 405 UNITS? OR PHASE 1 RELEASE? DUN CAUSE PANIC LEH!

  7. #7
    Any complaints please PM me
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    Default Over 80% of One North Residences sold in 3 days

    March 9, 2007

    Over 80% of One North Residences sold in 3 days

    Prices for units up as high as over $1,000 psf, with average cost now at $885 psf

    By Joyce Teo, Property Correspondent



    NEW KID ON THE BLOCK: The 99-year leasehold condominium (above) is the first to be marketed at the 200ha research hub one-north at Buona Vista. Coming up next in the area is the 368-unit One Rochester, which developer United Engineers expects to release for sale in mid-April.



    ALL but 70 units of the 405-unit One North Residences have been snapped up in just three days at private previews.

    It is the first condominium to be marketed at the $15 billion 200ha research hub one-north at Buona Vista.

    Units were sold at prices ranging from about $550,000 to $2.4 million. The highest transaction was done yesterday at over $1,000 per sq ft (psf), market watchers said.

    On average, prices are now hovering around $885 psf, up from $850 psf on Tuesday.

    Most of the buyers - possibly around 80 to 90 per cent - are Singaporeans, market watchers said.

    As of last night, around 70 units were unsold, most of them one-bedroom units, now priced at about $950 psf.

    The soft launch of One North Residences was planned for tomorrow. Sales started on Tuesday with a staff preview, when directors, staff and other buyers picked up 60 units and prices were raised by 2 to 5 per cent, said market sources.

    These buyers included those on an elite list, such as senior civil servants and prominent businessmen.

    Wednesday was reserved for the bulk purchasers, including funds interested in buying several units at one ago.

    Invited home buyers packed the show-flat yesterday, picking up many more units of the 99-year leasehold condo.

    All the nine penthouses ranging from 1,970 sq ft to 3,251 sq ft, as well as all the two-bedroom units have been sold.

    The condo will be developed by a joint venture between UOL Group, Low Keng Huat and privately-held Kheng Leong.

    While its apartments come in a wide range of sizes, most of them are the one- and two-bedroom apartments, ranging from 592 sq ft to 1,259 sq ft.

    There are also 85 single-level and duplex small-office, home-office units, which range from 517 sq ft to 1,281 sq ft, and 20 shops.

    Market watchers say some home buyers bought to speculate, while others bought into the area's prospect as a thriving research hub.

    The condo is marketed by Knight Frank and Savills Singapore.

    Next up at one-north is the 368-unit One Rochester, which developer United Engineers expects to release for sale in mid-April.

    The condo is part of a mixed development that includes a block of about 300 hotel rooms and service apartments, and a retail podium with about 100,000 sq ft of space.

    The hotel rooms, service apartments and shops are only for lease.

    [email protected]

  8. #8
    Unregistered
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    Default Re: One North Residences (D5, 99 years, Kheng Leong/UOL/Low Kheng Huat)

    Left a few units.

    Rumours say that One Rochester will be launching at above $1,000 psf, given the tremendous response generated by sales of one-north residences.

  9. #9
    one-north
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    Default Re: One North Residences (D5, 99 years, Kheng Leong/UOL/Low Kheng Huat)

    one-north is the next pillar and the happening place. One-North Residences just sits right in the middle of one-north. The launch was a success. It was very smart of One Rochester to launch after One-North Residences. One Rochester can now make more profits.

    One Rochester will be launching at above $1,200 psf. This is cool! Anyway, I have just rejected a $900psf offer for my 3-bedroom unit.

  10. #10
    WHAM
    Guest

    Default Re: One North Residences (D5, 99 years, Kheng Leong/UOL/Low Kheng Huat)

    It may be the 'next happening place' but does that warrant a pricing like $1k psf? Please note: this $1k psf is for something totally untried and untested! here has not been a benchmark for residential property here! The nearest condo, Dover Parkview, is DIRT CHEAP!

    Wee Cho Yaw and co. must be laughing their way to the bank now man!!!!

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