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Thread: Elliot at the East Coast (D15, Freehold, Guocoland)

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    Default Elliot at the East Coast (D15, Freehold, Guocoland)

    8 Blocks of 5-Storey & 1 Block of 3-Storey Condominium with Basement Car Park
    Site Area Approx. 127,600 sqft


    119 Units
    Typical Unit Types
    1 Bedroom (4 units) Approx. 500 sqft

    2 Bedroom (12 units) Approx. 950 to 1,600 sqft


    3 Bedroom (40 units) Approx. 1,300 to 2,100 sqft


    4 Bedroom (40 units) Approx. 1,600 to 2,700 sqft

    Penthouse (23 units) Approx. 1,600 to 2,800 sqft


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    Default Elliot (D15, Freehold, Guocoland)

    Some preliminary information details as below:
    Freehold

    8 Blocks of 5-Storey & 1 Block of 3-Storey Condominium with Basement Car Park

    Site Area Approx. 127,600 sqft


    119 Units
    Typical Unit Types
    1 Bedroom (4 units) Approx. 500 sqft

    2 Bedroom (12 units) Approx. 950 to 1,600 sqft


    3 Bedroom (40 units) Approx. 1,300 to 2,100 sqft


    4 Bedroom (40 units) Approx. 1,600 to 2,700 sqft

    Penthouse (23 units) Approx. 1,600 to 2,800 sqft
    Sms at 90686016 for more updated details!!

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    http://www.straitstimes.com/Money/St...ry_426778.html

    Sep 8, 2009 Tuesday

    Another 50 Trevista units snapped up

    By Joyce Teo


    NTUC Choice Homes sold another 50 units at its Toa Payoh condo Trevista over the weekend, taking the total number of units sold there to 460.

    The remaining units at the 590-unit condo are mainly larger ones - continuing a trend where buyers snap up smaller homes.

    Trevista attracted hordes of keen buyers and onlookers at its preview two weekends ago. It sold out 210 units in one afternoon, on the first preview day of Aug 28.

    Most of the unsold units at the 99-year leasehold project are the three- and four-bedroom units. An NTUC Choice Homes spokesman said there are just 'a handful' of two-bedroom units left for sale.

    The 39-storey condo was previewed at an average price of $898 per sq ft. At that time, the three- and four-bedroom units averaged $1.065 million and $1.43 million respectively, under the normal payment scheme.

    Now, the remaining three-bedders are priced from $1.008 million. They cost $884 psf to $1,050 psf. The four-bedders are priced from $850 psf to $964 psf, or from $1.448 million.

    Elsewhere, sales are still ongoing at current launches. For instance, developer Keppel Land has now sold 37 out of 56 units at Madison Residences in Bukit Timah Road at an average price of $1,700 psf, after selling another unit over the weekend.

    The project was launched in the middle of last month, after a brief preview.

    The market was generally quieter over the past weekend, compared with the previous one.

    Property agents said one factor might be people going away for the school holidays. Also, they said some price resistance may be setting in, particularly at projects subject to recent price rises.

    Next week, The Trizon @ Mount Sinai, which has sold at least 110 units, will be launched. The project was previewed late last month at $1,300 psf to $1,500 psf.

    Next month, the 1,040-unit The Interlace in Alexandra Road will be launched. Other possible launches this year include the 119-unit Elliot at The East Coast and a 396-unit condo on the former Hong Leong Gardens site in West Coast.

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    http://www.businesstimes.com.sg/sub/...31140,00.html?

    Published September 16, 2009

    Developers' chips are down, but launches go ahead

    Property counters hit, but several projects primed for launching

    By KALPANA RASHIWALA AND UMA SHANKARI


    (SINGAPORE) Some developers are proceeding with plans to launch their projects despite measures announced by the government on Monday to cool an overheating private housing market.

    CapitaLand Residential yesterday began previewing at its office the Interlace condo to former owners of Gillman Heights from whom it bought the site for the 99-year leasehold project. Prices of units range from $850 to $1,150 per square foot, a CapitaLand spokeswoman told BT.

    Likewise, GuocoLand is proceeding to preview its freehold Elliot at the East Coast project this weekend at an average price of about $950 psf. Prices of a typical three-bedroom apartment in the development will start from about $1.2 million. The low-rise condo, with a total 119 units, comprises eight blocks which will be five storeys high and a three-storey block.

    City Developments is also understood to be rushing to get its showflat ready for a possible preview next weekend of its Hundred Trees condo on the former Hong Leong Gardens site in the West Coast area.

    The government's cooling measures include scrapping the interest absorption scheme (IAS) and restarting confirmed list land sales in first half 2010.

    'Knowing that the government is coming up with more land, developers who have even marginally profitable projects may want to clear the decks and launch their projects this year,' said Knight Frank chairman Tan Tiong Cheng.

    A developer said: 'Most of us feel the impact on demand from the removal of IAS will be more psychological than real as only a minority of buyers have been opting for it in recent months in projects where we charge a price premium for the scheme.'

    'Yes, buyers may now take a longer time to make a decision but they will bite if they like the product and if it's priced right,' he added.

    Agreeing, Mr Tan said: 'Ultimately if the intention is to sell, they cannot fight the market impression that there must be a price adjustment.'

    While removal of IAS will suck out some of the speculative demand from the market, developers remain confident of the fundamentals in the property market, and its attraction to investors in the current low-interest rate environment.

    There is also consensus among analysts in stockbroking houses that the government measures will not derail the recovery in the property market. '(The) measures may dampen speculative sentiment but may not stop genuine private home demand if the trajectory of economic recovery continues,' Citigroup noted in a report.

    Analysts also observed yesterday that while the increase in private home prices seen in the past few months may have come to a standstill, developers are unlikely to cut prices by much either.

    'We believe that developers, buffeted by strong start-of-year sales, are unlikely to cut prices aggressively,' noted DBS Vickers analyst Adrian Chua. 'The key impact would be a slowdown in sales as speculative buying gets flushed out of the market.'

    However, property counters such as City Developments Ltd (CDL), CapitaLand and Ho Bee were downgraded by a few analysts. As of yesterday's market closing, CDL has lost 9.4 per cent from its closing price last week. Over the same period, Wing Tai and Allgreen have shed 9.5 per cent, Keppel Land 8.1 per cent, GuocoLand 7.4 per cent, and CapitaLand 4.1 per cent.

    The Interlace comprises a total 1,040 units. For the preview that began yesterday, five blocks with 153 units were released. 'The units comprise a selection from a full spectrum of unit types, from two-, three-, three plus study, four-bedroom apartments, townhouses and penthouses. The units range from 807 sq ft to 5,877 sq ft in size.

    'These units, located on different levels in the development, also offer various facings - towards the pool, towards the sea, and towards the greenery at HortPark,' a CapitaLand spokeswoman said.

    BT understands that the appointed agents for Interlace will begin marketing the project on Friday from a temporary showflat at the corner of Kim Seng and River Valley roads.


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    saw an adv on Elliot

    S$ 810,000 Guide Price | 1 bed | 1 bath
    506 sqft / 47 sqm | S$ 1600.79 psf (built-in)
    ★ ELLIOT @ THE EAST COAST ★

    WOW....at this price, by topping up $100-150psf more, one would have been able to buy an almost equal size unit at Illuminaire...much much better location woh (but this was 3-4mths back)

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    Don't trust that rubbish la. Agent sms me today 2pm showflat open. Price ard 900psf after discount.

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    hmm.... i wonder... when the door open at 2pm today.. will there be a mad rush to chiong... like the gate opening on hungry ghost festival... and coincidentally today is the 1st day after the end of the ghost festival woh...

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    Typical developer tactic.. listed price $16xx, X% discount with IAS scheme, X+y% discount NPS scheme. If common sense applies, for 16XX psf can easily get almost any condos in the prime areas. As usual the 1rm pricing is most bo hua.. but it seems that the price gap for 1rm and 2/3 rms is very large. Even after NPS discount pricing for 1rms still around $1.5k psf. #02-24 @ $1490psf

    2 and 3 bedders around 8xx-9xx psf after the 12% NPS discount

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    Quote Originally Posted by dtrax
    Typical developer tactic.. listed price $16xx, X% discount with IAS scheme, X+y% discount NPS scheme. If common sense applies, for 16XX psf can easily get almost any condos in the prime areas. As usual the 1rm pricing is most bo hua.. but it seems that the price gap for 1rm and 2/3 rms is very large. Even after NPS discount pricing for 1rms still around $1.5k psf. #02-24 @ $1490psf

    2 and 3 bedders around 8xx-9xx psf after the 12% NPS discount

    There is only 4 units of 1 BedRm and 12 units of 2 BedRm.

    2 BedRm are $8xx psf because big PE. Unit are 1,600Sqft.

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    suddenly i know why interlace is selling well. top up 100k can get 2 bedroom instead of 1 roomer hee.



    Quote Originally Posted by dtrax
    Typical developer tactic.. listed price $16xx, X% discount with IAS scheme, X+y% discount NPS scheme. If common sense applies, for 16XX psf can easily get almost any condos in the prime areas. As usual the 1rm pricing is most bo hua.. but it seems that the price gap for 1rm and 2/3 rms is very large. Even after NPS discount pricing for 1rms still around $1.5k psf. #02-24 @ $1490psf

    2 and 3 bedders around 8xx-9xx psf after the 12% NPS discount

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    Just came back form the show flat...60% sold within 2 days. Most of the 3 BedRm are sold, only left units with west sun and 4 BedRm units and 3 Studio units.




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    Quote Originally Posted by East Coast Boy
    Just came back form the show flat...60% sold within 2 days. Most of the 3 BedRm are sold, only left units with west sun and 4 BedRm units and 3 Studio units.



    You gotta be kidding?! The quantum would be damn high. Where do all these ppl get their money from??

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    any idea what the pricing is like?

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    Is there a school next to it?

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    St Andrew's Autism Centre.


    Quote Originally Posted by sabian
    Is there a school next to it?

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    good question, this is an OCR project right?



    Quote Originally Posted by xtink
    any idea what the pricing is like?

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    Quote Originally Posted by xtink
    any idea what the pricing is like?
    Tot prices starts around $850psf upto $1100. Seems reasonable.

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    http://www.straitstimes.com/Money/St...ry_432753.html

    Sep 22, 2009 Tuesday

    Private homes still seeing high demand

    Cooling-off measures had little impact on weekend's sales

    By Jessica Cheam


    DEMAND for private homes remained strong over the weekend despite measures announced by the Government last week to take the froth off the market.

    Property developers CapitaLand and Hotel Properties said yesterday that 233 units - or 65 per cent - of 360 units launched at The Interlace project, at the former Gillman Heights site in Alexandra Road, were sold in the past week.

    A wide range of units from two-roomers to penthouses were sold at a price range of $850 per sq ft (psf) to $1,150 psf.

    Guocoland, which held a preview launch of its freehold 119-unit Elliot At The East Coast project over the weekend, sold 45 - or 75 per cent - of 60 units launched at an average price of $970 psf.

    At the upper-mid segment of the market, buyers snapped up another 5 per cent, or 14 units, at Singapore Land's 289-unit Trizon At Mount Sinai over the weekend.

    The project, at the site of the former Himiko Court, is now 70 per cent sold at a price range of $1,300 to $1,500 psf.

    The long weekend's sales seem to indicate that buying interest has not been dampened by the Government's moves to cool the market, which include scrapping the interest absorption scheme (IAS) and restarting confirmed list land sales in the first half of next year. The IAS allowed buyers to put a down payment and defer the bulk of the purchase payment until the project was completed.

    Guocoland's spokesman told The Straits Times that fewer than 10 per cent of its buyers, four out of 45, took up the IAS, which adds another 2 per cent premium to the sale price. Elliot at the East Coast was approved for the IAS before the Government banned the scheme.

    'Feedback from buyers indicates that they are not overly concerned with the Government's cooling-down measures, and are confident of the long-term capital appreciation potential for well-designed properties in ideal locations,' said the spokesman.

    At The Interlace, however, CapitaLand decided not to offer the IAS despite having approval for the scheme.

    Still, even without the scheme, 'home buyers have shown such strong support for The Interlace', said CapitaLand Residential chief executive Patricia Chia. The project's design by the Office for Metropolitan Architecture was a compelling draw for many buyers, she added.

    The 1,040-unit project, which offers 807 to 5,877 sq ft units, saw a steady stream of visitors at its temporary River Valley Road sales office over the weekend, said CapitaLand.

    At Trizon, it was a similar scenario with sales momentum continuing over the weekend as the IAS was never offered for this project, said a Singapore Land spokesman. Prices for all three projects were as indicated by developers before the Government's move.

    Industry observers note that buying interest could have been boosted by buyers who emerged after the Hungry Ghost Festival ended prior to the weekend.

    The property market typically goes into a lull during this period as many Chinese consider it inauspicious to make housing commitments at this time.

    Ngee Ann Polytechnic real estate lecturer Nicholas Mak said he was not surprised by the weekend's turnout, adding that buyers supporting the market now are owner occupiers or long-term investors. As a premium is added to the sale price for the IAS, it was not very popular to begin with, so the government move has not had such a big impact, he noted.

    'Of course, pure speculators would have been weeded out now, so sales numbers for this month might be lower because of the measures,' he said.

    Home buyer J. Soh, 35, who visited The Interlace sales office yesterday, said the recent measures have not affected his buying appetite. 'I'm looking for a home to live in, and was drawn to the project's creative design. If I find a unit I like, I'll buy it regardless of the new rules,' he said.

    Another buyer, Ms Sarah Tan, a 39-year-old marketing executive, said she was interested in buying a private property, but that 'prices have shot up a bit too high in recent months'.

    'I fully support the Government's cooling-off measures. I hope that they deter speculators from pushing up prices so people like me can still afford a home,' she said.

    [email protected]


    A quick sales tally

    # THE INTERLACE at the former Gillman Heights site

    In the past week, 233 units, or 65 per cent, of 360 units launched were sold.

    # ELLIOT AT THE EAST COAST

    Over the weekend, 45, or 75 per cent, of 60 units launched were sold.

    # TRIZON AT MOUNT SINAI

    Another 14 units were sold over the weekend, and the project is now 70 per cent sold.

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    Default 3 bedrooms unit

    I was told by an agent today that 3 bedrooms are priced at about $1,100 psf and the demand is very good. All sold!
    Thought this project is on the brink of D15 and hence should not command such a premium. I was wrong.

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    Default two units below $650 psf

    Noted there were only two units of 3-bedders below $650, one at the back facing MP and the other at $638 psf, area 2100 sq ft, These units are with big PES. Lovely. The unit facing Elliot Road looks good, but all gone. Land cost to developer is $500 psf ppr which should be the mid 2006 price when the enbloc process commenced. ie b4 the bull run of 2007

    I was told three China men and their Sg friend bot total of 9 units within 3 days, they came here for "shopping", snapped up most of the ground floors units. Told, these units were done at around $780 psf.

    Penthouses also around $800+

    any advice, officially launch tmr.

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    Quote Originally Posted by Laguna
    Noted there were only two units of 3-bedders below $650, one at the back facing MP and the other at $638 psf, area 2100 sq ft, These units are with big PES. Lovely. The unit facing Elliot Road looks good, but all gone. Land cost to developer is $500 psf ppr which should be the mid 2006 price when the enbloc process commenced. ie b4 the bull run of 2007

    I was told three China men and their Sg friend bot total of 9 units within 3 days, they came here for "shopping", snapped up most of the ground floors units. Told, these units were done at around $780 psf.

    Penthouses also around $800+

    any advice, officially launch tmr.
    Wow so cheap!

    West Coast's Hundred Trees selling at $900+ psf, here East Coast selling below $650 psf!

    The developers must have lost money. They bought En Bloc at $500 psf ppr, then add in building and financing costs, the breakeven should be around $700 to $750 psf ...

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    Sales have been great
    All ground floor units left with only one 4-bedders
    all 3 bedders gone...2 bedders...GONE...
    only with a few 4 bedders...
    Studio....about $1400+ half gone....

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    Quote Originally Posted by Laguna
    Sales have been great
    All ground floor units left with only one 4-bedders
    all 3 bedders gone...2 bedders...GONE...
    only with a few 4 bedders...
    Studio....about $1400+ half gone....
    Wow, studio about $1,400 psf so high??? Good luck to the buyers.....

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    Quote Originally Posted by wqmai
    Wow, studio about $1,400 psf so high??? Good luck to the buyers.....
    There are only four units of studio
    there are three units of less than $650psf (ground floor)
    The pricing of this project is rather unusual

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    Quote Originally Posted by Laguna
    There are only four units of studio
    there are three units of less than $650psf (ground floor)
    The pricing of this project is rather unusual
    U mean that the 3 unit of studio on ground floor is less than $650 psf ??? Cannot be la. The size of studio is about 500 sq ft, that means it cost only $325,000. So cheap meh??? If I know I go chong already...

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    i believe wat he meant was that there are some ground floor units going for 650psf while e studio which are on 2nd and 3rd floors are selling at higher psf. (on preview day e studios costs are from 756k to 775k! I was considering one until e price was released)

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    Quote Originally Posted by wqmai
    Wow, studio about $1,400 psf so high??? Good luck to the buyers.....
    I thought $1,400 psf is still lower than D14's $1,450 psf?

    Should D15 property be cheaper than D14?
    If it should, would it be snapped up within the first 90 minutes?

    Quote Originally Posted by 联合早报

    尺价超过1280元 超小公寓首日卖出九成
    吴慧敏
    联合早报
    4-10-2009

    靠近芽笼的超级小单位公寓掀起抢购热潮,虽然最小的单位只有区区258平方英尺,而且尺价高达1450元,但却在首日推出的短短90分钟内就马上被抢购一空

    据消息说,到昨天傍晚, [email protected]已经售出大约九成的单位,只剩下还不到10个售价在50万元以上的较大单位。

    房地产顾问麦俊荣说:这显示进场的人,都是因为单位价低而进场的,但是预算却非常紧,没有办法负担面积较大的公寓单位。

    他认为,如果这些人是抱着投资的心态进场,那么就实在让人担心,因为这意味他们也没有太强的持守能力。

    尺价媲美纽顿区公寓

    他也指出,每平方英尺1280元至1450元的价格,已经完全打破芽笼一带所有尺价纪录,几乎可以媲美纽顿一带的房子。
    据了解,早在该项目发售之前,已经有上百名经纪和公众在示范单位外等候进场。有兴趣的买家必须附上一张签了名的空白支票,才有抽签进示范单位看房子的机会。


    [email protected]位于基里玛路和林亚雨路交界处,共有72个单位,大部分为面积只有40多平方米的套间公寓或一卧房式单位。

    消息透露,在星期五推出的第一天内,所有的小单位都已经卖出,剩下不到20个面积较大的两卧房式单位,以及西照的单位,昨天剩下的单位本来就已经不多,但还是几乎每个小时都有几个单位卖出

    由Oxley Land发展的[email protected],位于基里玛路(Guillemard Road)和林亚雨路交界处,共有72个单位。它们绝大部分为面积只有40多平方米的套间公寓(studio apartment)或一卧房式单位。

    不过,最引人瞩目的是,最小的单位只有区区258平方英尺,面积还不到三房式政府组屋的一半,或6个半乒乓桌。

    这相信是本地最小的公寓单位。

    消息透露,整个项目只有四个这种属于L型的小型公寓单位,它们的售价从37万5000元起,也就是相等于每平方英尺1450元。

    由于之前就已经有好几个买家瞄准这个单位,因此星期五一开放选购,就马上被抢购一空。

    至于面积达388平方英尺的一卧房式单位,售价则从50万元起,也就是每平方英尺1288元。

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    Default Studio

    Quote Originally Posted by desmondwong
    i believe wat he meant was that there are some ground floor units going for 650psf while e studio which are on 2nd and 3rd floors are selling at higher psf. (on preview day e studios costs are from 756k to 775k! I was considering one until e price was released)
    The studios are on top of the club house.

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    drove by Singlap V and Elliot last week....Elliot seem to be far from most of the amenities...near to lander properties and some school..i think
    how the sale so far ...all sold out ?

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    Quote Originally Posted by marktkt22
    drove by Singlap V and Elliot last week....Elliot seem to be far from most of the amenities...near to lander properties and some school..i think
    how the sale so far ...all sold out ?
    U drove by Elliot, did you see Eastbay?

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