Riviera 38 - Allgreen - 26 storeys - 38 Mar Thoma Rd

[Estrangable]

Left 2 units from developer

Mr Kuok very rich....will not slash price to sell....

[Noexit]

Mr Kuok very rich....will not slash price to sell....

True . allgreen is rich so many project just build first not selling .

[Noexit]

True . allgreen is rich so many project just build first not selling .

Any new progessive payment update ?

[Noexit]

Any news for progessive payment update for Riviera 38?

[alamak]

True . allgreen is rich so many project just build first not selling .

Allgreen yeah very rich ..so rich that they can affiord to buy back all the shares cheap from market (delist) from SGX at appropriate time , and now can cash in as private developers ... Mind you all the enblocs at Mars THomas rd and St Michael are at very cheap cheap rate back in mid 2003-2006 period .. now selling 1300 psf Huat Huat Loh !!!

[Noexit]

Allgreen yeah very rich ..so rich that they can affiord to buy back all the shares cheap from market (delist) from SGX at appropriate time , and now can cash in as private developers ... Mind you all the enblocs at Mars THomas rd and St Michael are at very cheap cheap rate back in mid 2003-2006 period .. now selling 1300 psf Huat Huat Loh !!!

True , they enblocs Riviera 38 only 24 million and Riverbayonly 15 million for 999 lease hold is very very cheap .

[ecimbew]

Allgreen yeah very rich ..so rich that they can affiord to buy back all the shares cheap from market (delist) from SGX at appropriate time , and now can cash in as private developers ... Mind you all the enblocs at Mars THomas rd and St Michael are at very cheap cheap rate back in mid 2003-2006 period .. now selling 1300 psf Huat Huat Loh !!!

Let's read this again...

Originally Posted by mr funny
June 11, 2007

OPTION FOR COLLECTIVE DEAL

Allgreen to pay $24m for Hup Cheong Mansions


ALLGREEN Properties has secured an option to buy Hup Cheong Mansions, a condominium near St Michael's Road, for $24 million.

The property is located on Mar Thoma Road. It has a 999-year leasehold tenure and has an area of 30,440 sq ft.

On the heels of its successful Blossoms@Woodleigh and Cairnhill Residences launches this year, Allgreen plans to redevelop the property into a condominium of 75 units, each with an area of 1,184 sq ft, if the deal gets regulatory approval.

The mainboard-listed company has paid 1 per cent of the purchase price to Hup Cheong's owners, and will pay another 9 per cent when the option is exercised. The rest of the $24 million 'will be payable upon completion', it said in a statement last Saturday.

This is the latest in a string of buys for the company in the St Michael's area.

Last month, an Allgreen subsidiary called Green Bay inked deals to buy three properties nearby for a total of $15 million: Kai Sheng Court, 21 Mar Thoma Road and 23 Mar Thoma Road.

The acquisition of Hup Cheong Mansions will be financed by internal funds, bank loans or both, said the developer.

The purchase is 'not expected to have any material impact on the consolidated earnings and net tangible assets per share of the Allgreen group for the financial year ending Dec 31, 2007', said the company.

Allgreen's net profit for the first three months of this year quadrupled to $49.6 million from $12.1 million a year ago, as revenue soared 161.5 per cent to $181.2 million. In addition to contributions from its Blossoms@Woodleigh and Cairnhill Residences developments, the property group enjoyed higher occupancy and rental rates at its Great World City office and retail units and service apartments.

Higher occupancy and rates at Traders Hotel also boosted its bottom line.

Buoyed by Singapore's residential and commercial property boom, Allgreen shares have more than doubled in value in the past 12 months, rising from around 92 cents in July last year to last week's close of $1.99 a share.

ERICA TAY

[Noexit]

Higher profit from wise investment decision

Let's read this again...

Originally Posted by mr funny
June 11, 2007

OPTION FOR COLLECTIVE DEAL

Allgreen to pay $24m for Hup Cheong Mansions


ALLGREEN Properties has secured an option to buy Hup Cheong Mansions, a condominium near St Michael's Road, for $24 million.

The property is located on Mar Thoma Road. It has a 999-year leasehold tenure and has an area of 30,440 sq ft.

On the heels of its successful Blossoms@Woodleigh and Cairnhill Residences launches this year, Allgreen plans to redevelop the property into a condominium of 75 units, each with an area of 1,184 sq ft, if the deal gets regulatory approval.

The mainboard-listed company has paid 1 per cent of the purchase price to Hup Cheong's owners, and will pay another 9 per cent when the option is exercised. The rest of the $24 million 'will be payable upon completion', it said in a statement last Saturday.

This is the latest in a string of buys for the company in the St Michael's area.

Last month, an Allgreen subsidiary called Green Bay inked deals to buy three properties nearby for a total of $15 million: Kai Sheng Court, 21 Mar Thoma Road and 23 Mar Thoma Road.

The acquisition of Hup Cheong Mansions will be financed by internal funds, bank loans or both, said the developer.

The purchase is 'not expected to have any material impact on the consolidated earnings and net tangible assets per share of the Allgreen group for the financial year ending Dec 31, 2007', said the company.

Allgreen's net profit for the first three months of this year quadrupled to $49.6 million from $12.1 million a year ago, as revenue soared 161.5 per cent to $181.2 million. In addition to contributions from its Blossoms@Woodleigh and Cairnhill Residences developments, the property group enjoyed higher occupancy and rental rates at its Great World City office and retail units and service apartments.

Higher occupancy and rates at Traders Hotel also boosted its bottom line.

Buoyed by Singapore's residential and commercial property boom, Allgreen shares have more than doubled in value in the past 12 months, rising from around 92 cents in July last year to last week's close of $1.99 a share.

ERICA TAY

[Noexit]

Anyone go to the site to see the progess ?

[ayahiro]

Anyone go to the site to see the progess ?

Not yet... The last I see is on 11 Aug. Think will go down next week to take some photos~

[Noexit]

Not yet... The last I see is on 11 Aug. Think will go down next week to take some photos~

Thanks . I will go on early sep . Hehe

[Noexit]

Picture taken surrounding Riviera 38

[mcmlxxvi]

兄台 (bro stage) 真是 (really is) 兴致勃勃 (prosper till rise rise)!

佩服 (assign garment)!

[Noexit]

兄台 (bro stage) 真是 (really is) 兴致勃勃 (prosper till rise rise)!

佩服 (assign garment)!

也沒有啦 這是上個幾個星期拍的 。 只是沒把它放上網 。

[ecimbew]

想当年我也像你一样。

[ecimbew]

兄台 (bro stage) 真是 (really is) 兴致勃勃 (prosper till rise rise)!

佩服 (assign garment)!

兄台 (Xiong1 Tai2) - You mean Heng1 Dai3 (brother in Cantonese)

兴致勃勃 (Xing4 Zhi4 Bo2 Bo2) - full of zest; in high spirits

佩服 (Pei4 Fu2) - Admire

[ayahiro]

兄台 (bro stage) 真是 (really is) 兴致勃勃 (prosper till rise rise)!

佩服 (assign garment)!

nice joke!~ but 兴致勃勃 (excited until erect erect)

[Noexit]

想当年我也像你一样。

最近有什么好的公寓介绍 RV RESIDENCE BY ALLGREEN 价格好像不错 ？

[Noexit]

兄台 (Xiong1 Tai2) - You mean Heng1 Dai3 (brother in Cantonese)

兴致勃勃 (Xing4 Zhi4 Bo2 Bo2) - full of zest; in high spirits

佩服 (Pei4 Fu2) - Admire

你好有空有创意 。

[mcmlxxvi]

最近有什么好的公寓介绍 RV RESIDENCE BY ALLGREEN 价格好像不错 ?

那个低于2000每平方尺的 应该是鄙货。(that less than 2000psf one should be a lousy good)

为什么你钟意全绿地东西?
(why do u love all green stuff?)

[Noexit]

那个低于2000每平方尺的 应该是鄙货。(that less than 2000psf one should be a lousy good)

为什么你钟意全绿地东西?
(why do u love all green stuff?)

没有锺意他 只觉得低于2000 在 RIVER VALLEY 是便宜。

[clemdale24]

没有锺意他 只觉得低于2000 在 RIVER VALLEY 是便宜。

Disagree. Not all river valley property is good.

If im paying $2000psf, I would rather buy a decent meyer road condo. just as good, more potential upside.

[ayahiro]

这里什么时候变成了中文论坛？

[mcmlxxvi]

Disagree. Not all river valley property is good.

If im paying $2000psf, I would rather buy a decent meyer road condo. just as good, more potential upside.

没野(meyer)刚着火喔!!

[mcmlxxvi]

这里什么时候变成了中文论坛?

太上老李 不是说 比精通双语吗?
(Great Lee no say must master thru double language ma?)

[ayahiro]

太上老李 不是说 比精通双语吗?
(Great Lee no say must master thru double language ma?)

有吗？？怎么不记得了。。。

[ayahiro]

用繁體中文吧~ 看起來比較專業!

http://www.youtube.com/watch?v=MyF2AVvEeWM

[mcmlxxvi]

用繁體中文吧~ 看起來比較專業!

http://www.youtube.com/watch?v=MyF2AVvEeWM

呵呵要拜师也不是拜个洋鬼子的門吧!!
(Huh huh want pray teacher also not pray to a western ghost kid door ba)

话说回来这小哥哥也挺可爱的...
(Talk say come back this small brother also quite can love)

[ayahiro]

呵呵要拜师也不是拜个洋鬼子的門吧!!
(Huh huh want pray teacher also not pray to a western ghost kid door ba)

话说回来这小哥哥也挺可爱的...
(Talk say come back this small brother also quite can love)

我認為他比很多新加坡同年齡的人都還要厲害~

[Noexit]

你们还是聊回房地产 。 this is the property forum . hehe