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Thread: Altez (D2, 99 years, Far East Org)

  1. #61
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    Quote Originally Posted by Regulators
    anyway i dont like FEO and i will never buy their projects. I will definitely avoid giving them credit for anything but they are too big to be ignored. Their land bank in singapore is just too huge to ignore.
    2nd only HDB??

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    Tanjong Pagar set to be next waterfront city
    Jessica Cheam
    The Straits Times
    Tuesday, 2 February 2010


    In the future waterfront city that is being envisaged, the current landscape of cranes and shipping containers will be turned into a lifestyle and tourism hub. -- Photo: URA


    The white areas show how the planned Tanjong Pagar development would fit into Singapore's existing waterfront scene. -- Photo: URA

    Even as Singapore's iconic Marina Bay nears completion, its next waterfront city has been identified: Tanjong Pagar.

    Right now, it is home to cranes and rows of stacked containers waiting to be loaded onto ships calling at one of the world's busiest ports.

    But come 2027, when port operator PSA Corporation's lease on the land expires, the prime waterfront space should become home to skyscrapers of another sort.

    The Economic Strategies Committee (ESC) yesterday called for Tanjong Pagar to be transformed into a waterfront city catering for the expansion of Singapore's business district and boasting apartments, hotels, and lifestyle and tourism facilities.

    'This area is very attractive, it is just at the fringe of the city, the size is comparable to another Marina Bay and it can offer immense opportunities to support future growth,' said Senior Minister of State for National Development Grace Fu yesterday.

    Because of its proximity to the Central Business District, Sentosa and universities, Tanjong Pagar 'will give us lots of elements to work on and we're quite excited about the potential', she added.

    However, details are not ready at the moment as the Government is not looking at developing it any time soon.

    Ms Fu, who co-chaired the ESC sub-committee on higher land productivity for future growth, said this is all part of the committee's push to make the most productive use of Singapore's land.

    This is especially since Singapore's competitiveness will in future rest on being 'a global city and a meeting point in Asia for enterprise, talent, cultures and ideas'.

    The idea is make each piece of land work harder and examine how land use should be reconfigured to support the new economic strategies for the country.

    For example, more incentives and grants could be given to encourage the private sector to pilot innovative plant layouts for key manufacturing sectors to minimise the use of land, she said.

    'We will also have to progressively step up the rejuvenation of mature industrial estates and at the more macro level... recycle land to support new economic activities,' she added.

    Another look may also be taken at industrial spaces which one cannot imagine could be used for other purposes.

    Lorong Halus, for example, used to be just a dumping ground for rubbish, but is now home to wildlife.

    'So we would try not to imagine Tuas as it is now, but rather a place where we could find a congregation of not just economic (or) industrial activities but hopefully residential and recreational as well - a much more pleasant place and a place for the birds as well!' Ms Fu quipped.

    'We are limited in terms of land but I think we are not limited in terms of imagination and creativity.'

    Commenting on the plans for Tanjong Pagar, Mr Steven Choo, chief executive of the Real Estate Developers' Association of Singapore, said they will add a new dimension to land-scarce Singapore.

    However, he also noted that this is a long-term vision which will not have much impact on the current market over the next few years.

    'But eventually I'm sure it will open up more options, more quality living, offices, accommodation, and more variety to our urban landscape,' he said.

    Singapore Institute of Architects president Ashvinkumar Kantilal said the plans were 'very pragmatic, typical of the Singapore approach'.

    The location already boasts Sentosa, residential estates, and a shopping and office hub, and will present a great planning opportunity 'when the time comes', he added.

  3. #63
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    Quote Originally Posted by proud owner
    Quote Originally Posted by Regulators
    anyway i dont like FEO and i will never buy their projects. I will definitely avoid giving them credit for anything but they are too big to be ignored. Their land bank in singapore is just too huge to ignore.
    they have many many unsold units in many projects .. thru the years ...

    you can call up FEO rental .. and see what OLD (really old) projects that they still holding and putting out for rent ..
    That's why they are the "Godfather of Propertism".

    Do you think they are the wiser one, or the developer of Pin Tjoe Park (1984) who sold away all their units at recession price of 1985?

    Quote Originally Posted by jlrx
    Pin Tjoe Park Prologue

    Lesson in Propertism: Why properties should only be bought. Not sold.

    The total cost to developer was $27 million.



    Total sales (excluding two penthouses) was 32 x $900,000 per unit (average) = $28.8 million. Barely covered costs. The developer retained the two penthouses for itself (luckily for the developer).



    Assuming the developers had kept the two penthouses till en bloc, the two penthouses (2 x $11 million = $22 million) represented all the profit for the developer.

    On the other hand, if the developer had not sold the 32 units but kept them for itself (as investment properties for rental income), it would have collected the entire $201 million from the en bloc.

    Business Times – 22 Sep 2006
    Pontiac Land Group buys Pin Tjoe Court for $201m
    (SINGAPORE) The existing Pin Tjoe Court comprises 32 apartments and two penthouses. The apartment owners will receive $5.5 million per unit and the penthouse owners $11 million per unit. These sums are about 75 per cent more than the units could fetch had they been sold individually.

  4. #64
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    Updates:

    Granting of Option for Altez could

    be before Showlflat Basis Soon!!!

    Be A part of this exciting New Development

    in Tanjong Pagar!!

    Booking of Choice units start now!

    Cheque Collection Starts now!!

    Sms at 90686016 for more details!!!
    Last edited by Sea; 02-02-10 at 11:59.

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    Annex A
    Summary of ESC Key Recommendations

    Goal
    High-skilled people, innovative economy, distinctive global city
    ..........
    ..........

    ESC Key Recommendations
    We must achieve higher productivity growth of 2 to 3 percent per year, enabling our GDP to grow on average by 3 to 5 percent per year over the next decade.

    Increased productivity is not achieved merely through increased efficiency, but restructuring our economy to provide more room for rapidly growing and innovative enterprises.

    7 Key Strategies
    ..........
    ..........

    6. Enhance Land Productivity to Secure Future Growth
    a. Plan ahead for a new, vibrant waterfront city, size comparable to Marina Bay by rejuvenating existing port land at Tanjong Pagar, after the expiry of the port lease in 2027.
    b. To study, under the Concept Plan 2011, the feasibility of a consolidated port at Tuas in the long term. If feasible, it will increase port efficiency by allowing the port to achieve greater economies of scale in terms of land and operations, and free up existing port land to support new economic activities in the future.
    c. Increase land productivity and inject greater land use flexibility – intensify land use to support new and higher value activities; progressively rejuvenate of mature industrial estates; and adopt greater flexibility in land zoning.
    d. Enhance diversity of business locations to support a range of enterprise needs - introduce new locations for headquarter functions and new industries in Jurong Lake District and Kallang Riverside Precinct respectively.
    e. Invest ahead to create new underground spaces – develop an underground master plan, and create basement spaces in conjunction with new underground infrastructural projects, especially around our transport nodes.

    ..........
    ..........

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    Any agent or forumer care to update us?

    What is the starting psf? $1,800 psf?
    What is the average psf? $2,200 psf?

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    Updates:

    Altez facts and floor plans are ready now!

    Price est 1700-1800 Psf onwards..

    Interested buyers, kindly sms at 90686016

    to register for a private presentation.

    Thanks

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    Latest Updates:

    Granting of Option for Altez starts tomorrow!!!

    Hurry! For Best choice units...

    Revert at 90686016 today for a private

    presentation and booking via cheque.

  9. #69
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    seriously is it worth investing in this area at $1700-1800psf?

  10. #70
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    Latest updates:

    10 -14 th floors fully Booked!

    Bookings open now while awaiting

    for high floors to be release..

    Sms at 90686016 for appt!

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    10 units per floor. So exclusive like hotel.

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    10 units per floor u call exclusive? I know hdb with only 1 or 2 units per floor

    Quote Originally Posted by mcmlxxvi
    10 units per floor. So exclusive like hotel.

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    Quote Originally Posted by Regulators
    10 units per floor u call exclusive? I know hdb with only 1 or 2 units per floor
    Wa lau sarcasm you also dunno how to read. 'Exclusive LIKE HOTEL'... how exclusive is that haha.

  14. #74
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    didnt see your inverted commas mah...("exclusive")

    Quote Originally Posted by mcmlxxvi
    Wa lau sarcasm you also dunno how to read. 'Exclusive LIKE HOTEL'... how exclusive is that haha.

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    Altez updates:

    left 18th-19th for 1 bedrooms!!!

    2 bedrooms open for booking now!

    Sms at 90686016 for appt and bookings now!

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    Quote Originally Posted by LittlePig, SkyscraperCity, 11 February 2010 3.25 pm
    nope... i just came back from their sales office and had a long talk with their GM...

    all the 1 bedders are all gone...

    launching the 2 bedders starting on the 20th floor to the 22nd floor...

    price starting from $2,150psf
    Wow!
    Is ALTEZ this hot?

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    Quote Originally Posted by Reporter
    Wow!
    Is ALTEZ this hot?
    Should be hot to ICON or ex ICON owners... strong interest to support it or to go in for another kill. Anyway sometimes what you hear is not the real truth and what you see may not be the real thing... beware and be aware

  18. #78
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    Fully booked doesn't necessary mean fully sold right?

    Quote Originally Posted by Sea
    Latest updates:

    10 -14 th floors fully Booked!

    Bookings open now while awaiting

    for high floors to be release..

    Sms at 90686016 for appt!
    BE CENTRED BY ALL AT THE FRINGE OF THE CITY @

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    Yes! Its this hot! My friend who bought 2 units confirmed that all 92 one bedders have been sold. 10th (lowest floor in the whole project) to 19th floor all one bedders. There are no 1 bedders above 19th floor,only 1 bedroom lofts at much higher floors.



    Quote Originally Posted by Reporter
    Wow!
    Is ALTEZ this hot?

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    Quote Originally Posted by bargain hunter
    Yes! Its this hot! My friend who bought 2 units confirmed that all 92 one bedders have been sold. 10th (lowest floor in the whole project) to 19th floor all one bedders. There are no 1 bedders above 19th floor,only 1 bedroom lofts at much higher floors.
    is this 99 yr lh ?

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    Quote Originally Posted by proud owner
    is this 99 yr lh ?
    Project info:
    Project name : ALTEZ- The Universal City
    Size :3036.2sqm
    Address : enggor Street
    Developer : FEO
    Type: Lease hold
    TOP : Unknown
    Units : 280 units
    Car park : 297
    BE CENTRED BY ALL AT THE FRINGE OF THE CITY @

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    Quote Originally Posted by Condorich, 12 February 2010 9.32 am
    Should be hot to ICON or ex ICON owners... strong interest to support it or to go in for another kill. Anyway sometimes what you hear is not the real truth and what you see may not be the real thing... beware and be aware
    So what is the real thing/truth?
    Quote Originally Posted by bargain hunter, 12 February 2010 9.42 am
    Yes! Its this hot! My friend who bought 2 units confirmed that all 92 one bedders have been sold. 10th (lowest floor in the whole project) to 19th floor all one bedders. There are no 1 bedders above 19th floor,only 1 bedroom lofts at much higher floors.
    Wah! Your friend is hotter than the Gold members in RWS casino now.

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    he said his agent told him all 10 units on the 17th floor was bought by 1 single buyer (not sure how true). Now, that's hotter than the gold members.

    truth is, they are now selling 2 bedders from 20th floor onwards before closing for CNY break.

    Quote Originally Posted by Reporter
    So what is the real thing/truth?

    Wah! Your friend is hotter than the Gold members in RWS casino now.

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    ALtez Updates:

    Levels 10 to 19 fully sold. Now open for preview sales - 2-bedroom apartments starting from the 21st storey

    Sms At 90686016 for more details!

    Wishing All a Happy and Prosperous Chinese

    New Year

    in the year of Tiger 2010

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    beware of the tiger...

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    Quote Originally Posted by Condorich, 13 February 2010 6.53 pm
    beware of the tiger...
    Beware of the tiger cos' the year of the tiger is good for property market?
    That's good, isn't it?


    "The property market for Tiger Year 2010 will be vibrant and active. As the economy starts to pick up and stabilise, buyers and investors will again flock to showrooms to sniff out good deals. There could be some amendments to the regulations in the property sector to cool down the sizzling hot industry.

    Changes to the regulations will lead to buyers taking a step back to rethink their investment plan. Activities will again heat up in the 3rd quarter of Year 2010. Overall, the property market will improve in Tiger Year 2010 and is very much alive and kicking. The chances of property prices coming down are slim."

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    What an inventive condo name that finally even confuses the marketing people themselves into mis-spelling Altitude.


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    Quote Originally Posted by Reporter
    Quote Originally Posted by Condorich
    beware of the tiger...
    Beware of the tiger cos' the year of the tiger is good for property market?
    That's good, isn't it?


    "The property market for Tiger Year 2010 will be vibrant and active. As the economy starts to pick up and stabilise, buyers and investors will again flock to showrooms to sniff out good deals. There could be some amendments to the regulations in the property sector to cool down the sizzling hot industry.

    Changes to the regulations will lead to buyers taking a step back to rethink their investment plan. Activities will again heat up in the 3rd quarter of Year 2010. Overall, the property market will improve in Tiger Year 2010 and is very much alive and kicking. The chances of property prices coming down are slim."
    Which of the following Tiger years is not good for buying properties?

    Tiger Year 1950 - Would you like a 27,986 sq ft bungalow at Orange Grove Road for $45,000 (or $1.60 psf)?




    Tiger Year 1962 - Would you like a terrace house at Serangoon Gardens for $20,000 apiece (or $10 psf) from the maiden project of non other than Mr. Ng himself?

    The Straits Times - 3 Feb 2010

    By 1962, he (Mr. Ng Teng Fong) had saved enough money to develop a small housing estate behind Serangoon Gardens - 72 single-storey terrace houses which he sold at $20,000 apiece.

    Tiger Year 1974 - Would you like a 3,000 sq ft Beverly Mai Mansionette at Orchard Road for $235,000 (or $78 psf) which later enbloced to HPL in 2007 for $4.4 million each?



    Tiger Year 1986 - Would you like a 3,600 sq ft Semi-Detached at Seletar Hills for $328,000 (or $91 psf)?



    Tiger Year 1998 - Would you like a 1797.59 sq ft Ardmore Point apartment for $1,050,000 (or $584 psf)?




    Can you imagine how much you will be worth today if you had bought each of these five "Tiger Year" properties above, and held them till today, starting with the $45,000 for a 27,986 sq ft bungalow at Orange Grove Road?

    Propertism Rule No. 1 - Properties should only be bought. Not sold.

    Property prices will always go up in the long term simply because paper money will eventually lose all its value.

    “The modern banking process manufactures currency out of nothing.”.
    - Lord Josiah Stamp, Former Director of the Bank of England (1937)

    “At the end fiat money returns to its inner value—zero.”
    - Voltaire (21 November 1694 – 30 May 1778)

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    oh... okay... let's welcome the tiger

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    100 units sold at latest Far East project Altez
    Uma Shankari
    The Business Times
    Wednesday, 17 February 2010

    Far East Organization said yesterday it has sold 100 units in its latest residential project, the 280-unit Altez in Enggor Street.

    The developer said that during a preview for priority customers last week, 100 of the 104 units released were sold. Prices ranged from $1,600 psf to $2,000 psf.

    The units sold comprised 1- and 2-bedroom apartments from levels 10 to 22 of the 62-storey development.

    Far East said that Altez, at 250 metres high, will be Singapore’s tallest residential development. It is next to Tanjong Pagar MRT station.

    About 60% of the buyers at Altez are foreigners, said Chia Boon Kuah, Far East’s chief operating officer for property sales.

    ‘The robust response to Altez demonstrates demand for well-conceived products of value in an excellent location in the city centre,’ Mr Chia said.

    ‘With the wide array of amenities and F&B outlets in this area, an MRT station at its doorstep, the upcoming New Downtown nearby and the possible future transformation of Tanjong Pagar into a waterfront city, buyers of Altez are assured of the positive prospects of this area.’

    Far East will release more 2-bedroom apartments tomorrow. Market watchers say these are expected to be priced higher on a psf basis than those sold already.

    Among other amenities, Altez offers 5 floors of sky gardens and another 2 storeys of facilities.

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