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Thread: City [email protected] Course Road (D8. Freehold) New Launch

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    Arrow City [email protected] Course Road (D8. Freehold) New Launch

    City Loft@Race Course Road New Lauching Coming Soon

    Tentative Preview on 21OCT 09 Call us please!!

    With a timeless modern aesthetic, comprising of 40 exclusive units,
    Artist’s impression only City Loft presents a new dimension of understated elegance.

    Race Course Road, a fascinating place which has its unique character and historical attractions,
    dating back to 1842 when it was built. Catch one of the last spice millers milling aromatic spices,
    saviour traditional roti prata, there are so many things to do around the vicinity.
    City Square Shopping Mall is just a stone’s throw away. One of the largest mall in
    Singapore, touted as first eco-friendly mall with integrated urban park. You can get all your daily
    needs and enjoy all the amenities within the mall.
    The first integrated complex, Connexion, comprising medical centre, hotel conference centre
    and a ground floor retail zone. Located directly above the Farrer Park MRT station, within
    minutes walk from City Loft.
    For work, play or everyday pleasure, live it up in all the excitement....


    Project Info:
    Project: City Loft
    Address: 363 Race Course Road, Singapore 218636
    Developer: Ascend Capital Pte Ltd
    Tenure: (Freehold)
    Storey: 5 Storey Development
    TOP no later than 31 Dec 2014
    Completion no later 31 Dec 2017

    Unit Available:
    1bedroom 323 / 334 / 345 / 355 / 366 / 377 / 419sqft
    PH 2 Bedroom 743 / 753 / 829 / 840 / 861 / 904sqft


    Facilities:
    Lap Pool, Gym, Playground, BBQ pits

    Why City Loft ?

    It just 5mins walk to City Square Shopping Mall
    It just 5mins walk to Farrer Park MRT
    It just Mins to Orchard
    It just Mins to CBD
    It just Mins to Future IR
    Investor Favourite


    Selling Price psf: TBA (To Be Advise)


    Photo:





    Kindy Contact Andy (PN) for Appointment Preview ShowFlat/View FloorPlan thanks
    Hp 8448 3535/ 82981266
    E [email protected]


    Premium stay that we promise.

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    OMG another 10m pool.... ?

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    that area is already flooded with many similar kinds of rubbish developments.

    Quote Originally Posted by mcmlxxvi
    OMG another 10m pool.... ?

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    xebay11 is offline New Launch Project Specialist
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    Quote Originally Posted by bargain hunter
    that area is already flooded with many similar kinds of rubbish developments.
    Why rubbish developments? It is near town and MRT.

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    rubbish as in super mickey mouse sized and lots of it, no facilities, maybe 10m pools etc.

    Quote Originally Posted by xebay11
    Why rubbish developments? It is near town and MRT.

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    xebay11 is offline New Launch Project Specialist
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    Quote Originally Posted by bargain hunter
    rubbish as in super mickey mouse sized and lots of it, no facilities, maybe 10m pools etc.
    OIC, thanks for the heads up but I feel Mickey mouse size units good for rental, as tenants simply want convenience and easy maintenance, you will be surprised how much of the market these units will take away from suburban locations and also if priced right, they will take away the market from of the many more expensive prime developments.

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    i am not so sure. as it is, its still a largely unproven market in terms of completed condos. so far demand is still ok but i wonder if an avalanche of these in D09 (dhoby ghaut area and selectively in some parts of river valley), some in D11, a lot in D8 and now a few in D5 and D14 coming up could lead to a glut if the trend goes unabated.

    i do agree with you on your points. that's why for prime, its important to either get a decent sized unit which is targeting the corporate budget tenants or a mickey mouse unit. don't get those older or smaller units which are neither here nor there which as you said, will lose market share to MM units. chances are, we could be overpaying for MM units at current prices though.

    Quote Originally Posted by xebay11
    OIC, thanks for the heads up but I feel Mickey mouse size units good for rental, as tenants simply want convenience and easy maintenance, you will be surprised how much of the market these units will take away from suburban locations and also if priced right, they will take away the market from of the many more expensive prime developments.

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    Reporter is offline F01 N54 Sheer Driving Pleasure
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    面积不到500平方英尺 迷你公寓销量今年创纪录
    吴慧敏
    联合早报
    星期三, 7-10-2009

    越小的单位越好卖。今年来小型单位公寓在本地楼市掀起一阵抢购热潮,截至9月份发展商已经卖出了412个面积不到500平方英尺的“迷你”单位,打破历来最高水平

    世邦魏理仕(CB Richard Ellis)的数字显示,1995年整个市场只有一个面积小于500平方英尺的单位成交。但随着楼价的攀升,人们对小型单位的接受程度也逐渐提高,到了2006年,已有171个迷你单位成功在这年内找到买家。

    过去四年,迷你单位的成交量逐年升高。2007年楼市进入高峰期,迷你单位的成交量也跃增60%至275个单位。到了2008年,楼市虽然陷入低潮时,整个市场成交的新私宅单位由超过1万个单位剧跌至4264个,但迷你单位的成交量仍然逆流而上,达到299个。

    今年虽然还有三个月才结束,但迷你单位的成交量已经再攀高峰,达到412个。至于面积介于500至800平方英尺的小型单位,成交量也高达908个。

    房地产交易活跃 迷你单位销售火热

    世邦魏理仕执行董事李晓和说:“过去几个月的交易异常活跃,其中一大部分的销售热度来自这些迷你单位。发展商虽然在2009年推出更多迷你单位,但它们往往都在推出的极短时间内被买家抢购一空。”

    例如今年二月推出的Alexis,尺价虽然不低(约1100元),但仍然在当时淡市中卖个满堂红。这个项目的多数单位,面积都偏小,介于400平方尺(一卧房)至650平方尺(二卧房)之间,售价介于45万到65万元。

    Alexis的销售报捷马上吸引了一些发展商跟风纷纷改换设计图,将原本较大的单位改成较小面积。例如力宝集团的经禧路公寓The Laurels原本计划建造145个单位,但后来却改成290个较小的单位。

    据了解,新加坡置地的Trizon原本也只是计划建造190个单位,但最近推出时却已经改为289个单位。

    上个星期,位于芽笼的Suites @ Guillemard,也在推出的第一天就火速卖出80%的单位。这个项目最大的卖点是,最小的单位只有258平方英尺,也就是大约六张半乒乓桌大小,相信是本地至今最小的公寓单位。

    虽然这些单位的尺价高达1288元至1450元,但由于单位价介于38万元至55万元,容易负担,所以很快就被买家扫光。这个价位也突破了芽笼一带所有项目的尺价,几乎可以媲美纽顿一带的水平。

    李晓和指出,最近推出的一些新项目,甚至将顶层豪宅(penthouse)的面积设计得只有800至1200平方英尺,跟一般家庭式单位差不多,而不是传统的超大面积。

    对于这样的一个潮流否可以持久,李晓和语带保留:“一旦这些项目完工,原本打算买来自住的人得考虑他们是否能够在这种较小型的单位住得习惯

    “至于那些买来投资的人,也必须想想谁会向他们租用这些房子?虽然有些单身外籍专业人士或者单身的本地雅皮士可能觉得这种房子符合他们的生活方式,不过这类族群的人数是否足够填满这类单位,至今还是个未知数。”

    自1995年来,发展商已经卖出了1306个面积小于500平方英尺的迷你单位。至于面积介于500至800平方英尺的小型单位,过去十四年来则总共卖出了6193个。
    It's a new experiment. Nobody knows the outcome for sure.
    However, no risk no gain.
    Last edited by Reporter; 08-10-09 at 12:15.

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    Quote Originally Posted by Reporter
    It's a new experiment. Nobody knows the outcome for sure.
    However, no risk no gain.
    U sure? The developers are taking the gains (high psf) and buyers are taking the risk. Rental should not be a problem but for selling in future? I rather stay in hdb than in MM units

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    xebay11 is offline New Launch Project Specialist
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    Quote Originally Posted by dtrax
    U sure? The developers are taking the gains (high psf) and buyers are taking the risk. Rental should not be a problem but for selling in future? I rather stay in hdb than in MM units
    True, so it is not no risk no gain, but more like, your risk, their gain

    Yeah HDB seems good now. But unfortunately HDBs also getting smaller and smaller. Better quick go buy landed home.

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    Quote Originally Posted by bargain hunter
    i am not so sure. as it is, its still a largely unproven market in terms of completed condos. so far demand is still ok but i wonder if an avalanche of these in D09 (dhoby ghaut area and selectively in some parts of river valley), some in D11, a lot in D8 and now a few in D5 and D14 coming up could lead to a glut if the trend goes unabated.

    i do agree with you on your points. that's why for prime, its important to either get a decent sized unit which is targeting the corporate budget tenants or a mickey mouse unit. don't get those older or smaller units which are neither here nor there which as you said, will lose market share to MM units. chances are, we could be overpaying for MM units at current prices though.
    No need to guess nor wonder. I just sold off my NO FACILITY district 8 mickey mouse (500sf) apartment at a good profit less than 8 months from TOP plus fetching monthly rental 2k since 1 month from TOP. It's proven formula.

    And previously made some profit flipping another district 8 mickey mouse (474sf) unit in 1 day.

    So still have a certain penchant for district 8 rubbish mickey mouse apartments.

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    xebay11 is offline New Launch Project Specialist
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    Quote Originally Posted by mcmlxxvi
    No need to guess nor wonder. I just sold off my NO FACILITY district 8 mickey mouse (500sf) apartment at a good profit less than 8 months from TOP plus fetching monthly rental 2k since 1 month from TOP. It's proven formula.

    And previously made some profit flipping another district 8 mickey mouse (474sf) unit in 1 day.

    So still have a certain penchant for district 8 rubbish mickey mouse apartments.
    Yeah I think a very well located MM unit should be quite desirable, larger two bedroom unit means must share therefore lack privacy, better take MM unit all to myself and eat out and move ard easily with the MRT if I were a tenant.

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    Quote Originally Posted by mcmlxxvi
    No need to guess nor wonder. I just sold off my NO FACILITY district 8 mickey mouse (500sf) apartment at a good profit less than 8 months from TOP plus fetching monthly rental 2k since 1 month from TOP. It's proven formula.

    And previously made some profit flipping another district 8 mickey mouse (474sf) unit in 1 day.

    So still have a certain penchant for district 8 rubbish mickey mouse apartments.
    congrats What is your buyer's profile? Young couples?

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    precisely! u bot early (thus the good profit) and there is still limited supply (thus the 2k rental). but what i meant was currently prices are quite different from then right? and in future, with more MM units coming up, the game is different.


    Quote Originally Posted by mcmlxxvi
    No need to guess nor wonder. I just sold off my NO FACILITY district 8 mickey mouse (500sf) apartment at a good profit less than 8 months from TOP plus fetching monthly rental 2k since 1 month from TOP. It's proven formula.

    And previously made some profit flipping another district 8 mickey mouse (474sf) unit in 1 day.

    So still have a certain penchant for district 8 rubbish mickey mouse apartments.

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    Quote Originally Posted by dtrax
    congrats What is your buyer's profile? Young couples?
    Interestingly, CEO of a storage hub company...

    Tenant is foreigner working in Biopolis...

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    Quote Originally Posted by bargain hunter
    precisely! u bot early (thus the good profit) and there is still limited supply (thus the 2k rental). but what i meant was currently prices are quite different from then right? and in future, with more MM units coming up, the game is different.
    Ha! You are right on. I only paid 890psf for my MM in 2007. So profitted about 200psf in approx 1.5 year.

    Actually 2007 was considered rather 'peak' then but nobody expected it to reach today's insane levels. With the sale of my MM I bought two other MM's one to stay one to lease out, both TOP within 1-6 months...

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    any opinion on this project?

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    Quote Originally Posted by dnomyarw
    any opinion on this project?
    Crap or wonderful facing - depending on what your motivations are.

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    Quote Originally Posted by mcmlxxvi
    Crap or wonderful facing - depending on what your motivations are.
    which facing is crap, which facing is wonderful?

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    Quote Originally Posted by dnomyarw
    which facing is crap, which facing is wonderful?
    Facing indian plus chinese temples directly full stereo sound.

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    Crap or wonderful facing, MM units are better for my dog to stay. This is my opinion.




    Quote Originally Posted by mcmlxxvi
    Crap or wonderful facing - depending on what your motivations are.

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    Quote Originally Posted by Squall8888
    Crap or wonderful facing, MM units are better for my dog to stay. This is my opinion.
    your dog's life is much better than many Singaporeans' life in our beloved Singapore then...

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    http://oxleygalaxyhume.blogspot.com/

    Updates for April 2010
    Updates on the followings:-

    1) P057: CITY LOFT - 363 RACE COURSE ROAD SINGAPORE 218636
    Construction for City Loft have commenced in Mid of March 2010. Now, it is in the piling stage and bored piling have commenced.


    2) P059: BLISS LOFT - 25 KIM KEAT CLOSE, SINGAPORE 328933
    Demolition for Bliss Loft have commenced and the piling stage may commence in the 2nd week of April 2010. RC piling for designed for this project.

    New developments are launching in the Month of April and May. They are;-
    1) P066: [email protected] - 263 TANJONG KATONG ROAD, SINGAPORE 437050
    2) P064: PARC SOMME - 62 SOMME ROAD, SINGAPORE 207877

    Posted by Oxley * Galaxy * Hume at 5:36 PM 0 comments

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    Default Ridiculous!!!!!!!!!!

    Condominium - City Loft, 363, #01 ABV for Sale asking $660K

    Asking : $660K ($1916 psf)
    Type : Condominium
    Address : City Loft, 363, #01 ABV
    Built Area : 344 sqft
    Bedrooms : 1
    Posted : 07 Apr
    More Info : Click here

    Remarks
    Near Farrer Park (NE8) MRT (0.55km)

    Latest official transactions for Condominium at CITY LOFTAddress Tenure PSF Size (sqft) Price Contract Date
    363 Race Course Road #04-07 Freehold $1486 377 $560k 24 Feb 11
    363 Race Course Road #04-03 Freehold $1562 344 $538k 17 Dec 10
    363 Race Course Road #04-03 Freehold $1394 344 $480k 17 Aug 10

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    Quote Originally Posted by mcmlxxvi
    Condominium - City Loft, 363, #01 ABV for Sale asking $660K

    Asking : $660K ($1916 psf)
    Type : Condominium
    Address : City Loft, 363, #01 ABV
    Built Area : 344 sqft
    Bedrooms : 1
    Posted : 07 Apr
    More Info : Click here

    Remarks
    Near Farrer Park (NE8) MRT (0.55km)

    Latest official transactions for Condominium at CITY LOFTAddress Tenure PSF Size (sqft) Price Contract Date
    363 Race Course Road #04-07 Freehold $1486 377 $560k 24 Feb 11
    363 Race Course Road #04-03 Freehold $1562 344 $538k 17 Dec 10
    363 Race Course Road #04-03 Freehold $1394 344 $480k 17 Aug 10
    u shd change ur quote to: small is ridiculous'

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    Quote Originally Posted by devilplate
    u shd change ur quote to: small is ridiculous'
    No la... small is still beautiful... but small yet HUGE PRICE is ridiculous!

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    looks relly cute


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    Quote Originally Posted by TheOnlyGayInTheVillage
    looks relly cute

    Stands out like a ...............

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