Anything is possible, if course. the fact they are expanding the port rather than shrinking it makes it a child's play to guess that the planners intend to keep the port running for many many years to come.Originally Posted by Condorich
Anything is possible, if course. the fact they are expanding the port rather than shrinking it makes it a child's play to guess that the planners intend to keep the port running for many many years to come.Originally Posted by Condorich
Originally Posted by Condorich
You have to look at the old Kai Tak airport in Hong Kong for what i mean about decontamination. Whilst there was not much physical waste to speak of it took a long time to clear the way for redevelopment.
There was a lot of nasty chemicals and stuff, and toxic sludge just off the sides so it would be the same with the older port berths here.
Tanjong Pagar will be the first to go since the lease will be up soon. There are already much talk on redeveloping this area and that prime office area will be relocated there eventually from Shenton Way.
As for nearby Keppel (started operation in the 80s) and Brani (operational in the early 90s), these 2 terminals are newer and probably their initial construction costs will not be fully depreciated in the short run. It takes billions to construct the port terminals and also dredging to maintain appropriate depth for the huge container vessels to berth. So I expect PSA to continue running them at least for another 20 years. There is no pressing demand to re-use the land there anyway.
Phase 3 & 4 of Pasir Panjang Terminal will probably create the capacity to handle the container volume from Tanjong Pagar. So when Pasir Panjang is fully operational in 2020 with phase 3 & 4 completed, Tanjong Pagar will definitely close by then.
In my opinion, the current study on the feasibility of constructing a future container terminal in Tuas is more to replace Keppel and Brani in may be 2030-2050.
I don't think HK or NY has shifted their ports? They are on valuable land too...Originally Posted by Snail
Anyway, I don't think distance to ports has any implications on property value. Otherwise, Pasir Panjiang area would not be selling at current price levels now. =)
Originally Posted by xiaoyuan
Actually it might not be too long before HK also considers moving some of its terminals from the Kwai Chung area.....especially after building the new bridge that limits the size of vessels that can enter the harbour.
They can consider moving spase to Lantau Island and there is talk alive yet that T10 is continuing in their plans. It is the shift from "city" ports to outlaying areas following the general trend of airports worldwide. Also consider that the owners of the bulk of HK terminals are also major investors and owners of ports in Southern China....Shenzhen, Chiwan etc. and this would be similar to PSA buying PTP in JB.
Stranger things have happened.
So confirm the preview this coming weekend?
Just heard that Horizon in Pasir Panjang will be launching at more than 1500psf ! I banged my head for not grabbing a unit in Maylea
Is this true ???
Cheung Kong launching luxury condominium at West Coast
Ryan Huang
Channel NewsAsia
Wednesday, 10 March 2010, 2142 hrs
Hong Kong property giant Cheung Kong is launching a luxury condominium at West Coast.
It is hoping to ride on the bright outlook for the high-end residential property segment, with an expected pickup in the leasing market and demand from expatriates.
This latest project by Cheung Kong promises to stand out from neighbouring developments.
When completed, the waterfront condominium will be the only luxury residence in the area. And it will comprise an unusual mix of strata terrace homes and apartment units.
Cheung Kong is optimistic the project will attract interest.
Cannas Ho, sales manager, Cheung Kong, said: "We see this need and demand for high-end residences in this area. And also, there are new developments coming up, just like Sentosa Resorts World, which is just 10 minutes drive from our site, and also there will be a new commercial hub called One North nearby, and there are lot of international companies, IT companies.
"The leasing market is very strong in this area. There will also be the new Circle Line station just around, and this also further enhances the leasing value of this property."
While small-sized units are popular among investors, they will not be found at The Vision. Cheung Kong has opted for relatively larger units with 3- to 5-bedrooms.
Some analysts said this may make it less attractive to investors.
Colin Tan, Head of Research and Consultancy, Chesterton Suntec International, said: "The market now is dominated by investors, so if your project is tailored towards investors, you will do well. In this market, I wouldn't say the price is too much of a hurdle, but maybe the unit sizes.
"Normally for developers who are aiming at the investors market, they tend to make the unit smaller. In this case, these units are a bit larger than the usual sizes, so that may pose a problem for some investors. Investors generally tend to prefer smaller projects, because they feel that it is easier to flip over."
The Vision is sold on a 99-year leasehold and will be initially priced at about S$1,000 psf to S$1,200 psf.
The strata terraces will be sold on a "best offer" basis from interested parties.
The first phase of some 100 units will be launched this Friday, and completion is scheduled for 2015.
Compared with Horizon's $1,500 psf, The Vision seems cheap now.Originally Posted by East Coast Boy, 10 March 2010 8.36 pm
Most probably this price is valid for the first 10 floors only....Originally Posted by Reporter
This evening I dont see agents lining West Coast Cresent anymore
Originally Posted by Condorich
agree
the same argument goes to that Altez ? at tanjong pagar ...selling at a future price ... one where Keppel is no longer where it is now ... which would be say another 15-20 yrs ?
Congratulations!Originally Posted by Condorich
You have seen the light in Propertism - the belief that property prices will always go up in the long term, simply because paper money will lose all its value.
Let me help all here to visualise a future post appearing in CONDOSingapore.com ...
Originally Posted by Reporter's Grandson
Err ... will this forum still be around for my grandson to participate?Originally Posted by jlrx, 11 March 2010 1.39 am
luxury or crap finishing does not warrant e price factor of the property. why don't launch Ardmore 4 @ Woodlands and sells 2000psf.
At e end of e day, still location.
Haven launched yet though. and its by FEO. so pricing tentatively on the higher end.Originally Posted by East Coast Boy
Location is excellent. 10 minutes to vivocity and 20 minutes to raffles place.Originally Posted by Property_Owner
The only thing bad is that it is right next to the highway. and the view is marred by all those cranes in the harbour.
for me my definition of excellent location is CCR ~~
hey nowadays, S$1000 psf *IS* the mass market pricingOriginally Posted by Property_Owner
In HK, HK$5500 is the price for Yuen Long. You know how far it is ? Compared with that, Vision's location is considered "RCR" already
My refection is 5 mins away(on foot) to vivocity, MBR is 2 mins(on foot) away from Sands.Originally Posted by stalingrad
Is this the Horizon?Originally Posted by Allthepies, Property market sentiments 2010, 11 March 2010 12.39 pm
this is damn scary, land cost $305psf according to ST, yet launching at $1k-1.2kpsf if this is a sold out proj. then will other developers follow the lead & increase their appetite for margins? If they managed to pull it off then get ready for HK prices in Sg. Let's see whether ppl will bite this 'high-end' in the west. What an exciting week ahead, is HK developer smarter or are we fools?
The Vision - dont know it's Sunrise or Sunset view...haha
Since they are "selling" this as a "high-end" project, wonder whether their construction costs will also be "high-end"? (May be >$600 psf?)
Originally Posted by maisonjai
Yeah man, after I read how little they paid for the land, and how much they are charging for 99 yrs leasehold...confirmed showroom I also don't want to go and see.Originally Posted by maisonjai
wonder if there is any italian marble at all, sanitary fittings dont cost much...as what some are asking, if land cost is cheap will they still sell high? This proj answers to that......more GLS will only increase developers bottom line....no wonder quite a number of Forbes chinese rich list are HK developers. They really Huat Ah.Originally Posted by teddybear
must see, must see, otherwise we got no Vision...i am curious to know what is HK's definition/vision of high-end @ west or are they trying to pull a fast one....Originally Posted by sfwoo
Showroom standard not equal to actual unit finish.Originally Posted by maisonjai
Showroom, everything tip top one.
But no guarantee your unit will be like that.
I ever heard of people takeover keys, go and paste masking tape all over the shop to highlight defects that needed rectification.
Which businessman doing business,not for profits money..?Originally Posted by sfwoo
Willing seller,happy buyer.
If to you is little money they paid for the land.. U can be a developer and buy other plot of land and get stuck with money in it.. And price it at a your "reasonable" price to the buyers.
Went to view today, sales is quite good, looking at the board about 1/2 of those released units were sold when I was there this morning.
The cheapest is of course the small 2 bedder type A3 #03-03 818sqft, after 5% early bird discount is $809400. Same stack #15-03 is $879400.
3 bedder, #06-06 is 1.34mil, #02-06 is 1.236mil, both 1302sqft.
Finishing is good with marble everywhere, 3 bedders come with those special rain showers and the bathroom comes with hanging crystals as decor. Everything is included in the kitchen including the fridge.
So #15 high 2 bdroom = $1075 psf..... not so bad right? If for own stay after comparing closeness to CBD (sentosa and marina)....about 8-10 mins drive away...but others are snatching up altez at around $2000 psf at around #15....i tot quite reasonable lah....Originally Posted by azeoprop