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Thread: Waterbank (D14, 99 years leasehold, UOL)

  1. #1
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    Default Waterbank (D14, 99 years leasehold, UOL)

    Key Features:
    Site beautifully located to face low-rise landed housing, with units having views towards Marina Bay
    Approx 5 mins to Esplanade
    Approx 5 mins to Marina Bay Golf Course
    Approx 1 min to Old Airport Food Centre & Dakota MRT Station (opening April 2010)
    Approx 5 mins to East Coast Park
    Approx 2 mins to Kong Hwa School (within 1km)
    Approx 4 mins to Parkway Parade
    Approx 7 mins to Marina Barrage
    Approx 17 mins to Changi Airport
    Approx 4 mins to F1 Circuit
    Approx 5 mins to Marina Bay Sands Integrated Resort
    Approx 4 mins to Singapore Flyer
    Approx 5 mins to CBD
    Approx 5 mins to Suntec City
    Approx 2 mins to Singapore Sports Hub (Approx 450,000sft, ready by 2011)





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    Not WaterBank?

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    The name is cursed (stupid). I always misread it as Water Tank hahahhaha.


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    Watertank or Waterbank, both names sound equally terrible. Watertank sounds like some aquarium and Waterbank sounds like a place to get water when there is water rationing

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    HA HA HA HA HA HA HA HA HA HA !!!!!!!!!!!!!!!!

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    Quote Originally Posted by mcmlxxvi
    Key Features:

    Approx 2 mins to Singapore Sports Hub (Approx 450,000sft, ready by 2011)
    Aiyo National Stadium still standing there how to be ready by 2011 la...
    2014 leh...

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    I tink this project is too "mass market". With 616units.. squeeze together.. UOL just wanted to squeeze as much as $$ into their pocket.. haha

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    how much psf for 99 LH ?

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    Just book an appointment to preview this friday.

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    http://www.businesstimes.com.sg/sub/...79955,00.html?

    Published April 6, 2010

    UOL to preview Waterbank at Dakota

    CapitaLand, meanwhile, sells 110 Interlace units over the weekend

    By KALPANA RASHIWALA


    THE property launch scene continues to buzz. UOL Group is expected to preview its 99-year leasehold Waterbank at Dakota condo this week at prices ranging from above $1,000 per square foot to around $1,300 psf.


    Waterbank at Dakota: This is probably the first residential project to come on the market without bay windows and planter boxes, leaving more net liveable area for residents

    Over the Good Friday weekend, CapitaLand sold a total 110 units at The InterLace in the Alexandra Road area at $850-1,300 psf. The property giant has sold more than 390 of the 490 units it has released to date in the 1,040-unit, 99-year leasehold condo.

    A CapitaLand spokeswoman said yesterday that units in the latest phase are priced about 3-5 per cent higher than the phase one units released in September last year (at $850-1,150 psf) as there are more units in the recent batch on higher floors or with better facing.

    TID Pte Ltd - a joint venture between Hong Leong Group Singapore and Japan's Mitsui Fudosan - also found buyers for 23 of the 40 units it released last week at its 65-unit Nathan Suites. The units fetched prices ranging from slightly below $2,000 psf to $2,300 psf; the average price achieved is $2,100 psf.

    The 24-storey freehold project at Nathan Road, opposite the Malaysian High Commission, comprises two, three and four-bedroom apartments as well as penthouses ranging from about 915 sq ft to 4,800 sq ft.

    Meanwhile, at Sentosa Cove, Ho Bee and IOI sold six units at The Seascape last week, taking total sales in the project to 31, while City Developments Ltd (CDL) sold another five units of The Residences at W Singapore Sentosa Cove, taking sales to 19 units. CDL is selling its development at $2,500-3,000 psf while units at Seascape cost $2,619-2,880 psf, based on earlier reports.

    Next week, Tiong Aik group is expected to preview Starlight Suites at River Valley Close. The freehold 35-storey condo could be priced at about $2,000 psf on average. Starlight Suites has a total of 105 units, comprising one bedders to a four-bedroom penthouse. Unit sizes range from 560 sq ft to 3,401 sq ft.

    This week, though, the spotlight will fall along Geylang River, where UOL will preview its Waterbank at Dakota, which is next to the Dakota MRT Station that is slated to open later this month.

    Market watchers say that this would be probably the first residential project to come on the market without bay windows and planter boxes, leaving more net liveable area for residents.

    A ruling that took effect on Jan 1, 2009, scrapped the exemption of these features from gross floor area for submissions for provisional permission.

    UOL is expected to release about 200 of the project's total of 616 units initially. Unit sizes range from 484 sq ft for a one bedder to 2,820 sq ft for a penthouse. Next door, NTUC Choice Homes and Ho Bee are left with about 50 units at Dakota Residences comprising mostly four bedders facing the river. The developers began selling the project, which has a total of 348 units, in June 2008 at about $970 psf on average but trimmed prices by 5-8 per cent during last year's relaunch.

    Joseph Tan, CB Richard Ellis executive director (residential), notes that developers have revved up overseas marketing campaigns in places such as Hong Kong, Jakarta, Shanghai and Beijing of late to ride on a pick-up in foreign buying interest.

    DTZ executive director (consulting) Ong Choon Fah says that developers' launch strategies in the coming months will differ depending on the market segment they cater to.

    For instance, demand from foreign buyers is more significant at the high end than in the other segments. Developers of such projects are more likely to calibrate launches, ensuring that supply keeps pace with a much smaller pool of buyers.

    For mass and mid-market projects, on the other hand, developers would be more inclined to push out projects as buying interest remains strong in these segments.

    Developers also face greater competition in the mass market category as the government releases new sites, whereas in the luxury sector, new land supply will be introduced at a slower clip, given the huge price gap between buyers' and sellers' expectations for en bloc sales.

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    today it's VIP preview. should see some figures already. not cheap. I wait for the agents to post their figures. 1.2k up.

    this is the construction cost. u work out your base cost for UOL.

    Lian Beng Group has bagged a $144 million contract to build a condominium development located at Dakota Crescent.

    The design-and-build contract was awarded by UOL Development (Dakota) Pte Ltd, and covers the construction of 616 apartment units within three 19-storey blocks, four 20-storey blocks, and a six-storey carpark building with a roof garden, swimming pool, and other ancillary facilities.

    Work on the development is expected to commence next month and be completed by March 2013.

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    land cost:

    UOL Group has placed the top bid for a 99-year leasehold condo plot at Dakota Crescent facing the Geylang River. Its bid of slightly over $329 million works out to $508 per square foot per plot ratio.

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    Land cost - $508 psf ppr
    Construction cost - about $222 psf ppr
    Profit based on avg $1150 selling price - >50%

    You be the judge...

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    Quote Originally Posted by greenhorn
    Land cost - $508 psf ppr
    Construction cost - about $222 psf ppr
    Profit based on avg $1150 selling price - >50%

    You be the judge...
    Not necessary so.

    You can read it as they target to sell 50% and the balance are free units to them. That's why developers can stay afloat even their sales are not as ideal. They can take their time to sell the balance units. Do remember that the lousy units are first to go, next are the average units and the best units are last to be offered. And you have special preview price, launch price and subsequent launch price. Get it?

    Not a greenhorn anymore

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    Quote Originally Posted by miketan, Channel NewsAsia Forum, 8 April 2010 10.42 pm
    Quote Originally Posted by kane, Channel NewsAsia Forum, 8 April 2010 10.32 pm
    Quote Originally Posted by miketan, Channel NewsAsia Forum, 8 April 2010 10.23 pm
    Gave blank cheque to queue and yet cant get a unit...

    Full of anger now...
    what's the offer price?
    about $1250psf for mid floor... high floor going at $1300++psf ...
    This bank rejects cheques?

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    sure or not ?? Buy dakota residence lor... cheap cheap.. but near TOP oredi... Might have to endure the dust and hammering of the waterbank when building...
    Price to pay... thus maybe cheaper.. psf ?

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    Quote Originally Posted by Mell, Channel NewsAsia Forum, 9 April 2010 9.54 am
    No chance for choice units, unless you are staff or VVIP.

    On Wed, they had previewed for staff.

    Yesterday, they had full day of preview for their VVIPs. They opened more stacks, but all taken up, unless you don't mind buying 1st or 2nd floor.

    Today is preview for members of public to sell those leftover units.
    So today's preview is for the public?

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    Wah. So hot ar? People throwing cheques and need to ballot at $1300psf in D14 facing longkang? The world is getting more interesting by the day Suddenly, every other condo seems cheap in comparison....

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    What is expensive now... Will be deem cheaper later..

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    40% sold from an article in another thread. 2 bedders are just shy of the $1mio mark. it feels more and more like HK...

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    Quote Originally Posted by greenhorn
    Land cost - $508 psf ppr
    Construction cost - about $222 psf ppr
    Profit based on avg $1150 selling price - >50%

    You be the judge...
    buy UOL shares

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    40% sold.. But heard still got lot more units for sale.... Wonder what is the sort of price they asking now ?

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    In today's market when the Estuary and the 76 Shenton are 100% sold out (and some need balloting), 40% sold is no longer earth-shattering. Perhaps an indication that the price has reached a plateau? Apparently the 40% sold are all the smallish units - all speculators.

    Quote Originally Posted by smallant
    40% sold.. But heard still got lot more units for sale.... Wonder what is the sort of price they asking now ?

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    Reproducing the BT article here highlighting the waterbank sales update. More than 60% after last weekend...very good sales indeed at such lofty prices



    http://www.businesstimes.com.sg/sub/...80890,00.html?

    Published April 13, 2010

    Tiong Aik, CDL gearing up condo projects for preview

    They are at River Valley Cl, Chestnut Ave; recent property releases yield mixed response

    By KALPANA RASHIWALA


    DEVELOPERS are busy readying private residential projects for launch to meet demand from buyers before the onset of competition, including projects on new sites being sold by the government.

    Tiong Aik group is expected to preview this week its freehold Starlight Suites at River Valley Close at an average price of about $2,050 per sq ft. Unit sizes range from 560 sq ft for a studio to 3,401 sq ft for a penthouse.

    City Developments Ltd (CDL) has also unveiled some details of its upcoming condominium at the corner of Chestnut Avenue and Petir Road, which it will preview by month-end.

    The 99-year leasehold project will be named Tree House and is aimed at families. It will have 429 units, none of which will be a one-bedder. There will be two-bedroom apartments to four-bedders and penthouses.

    'The development will offer a panoramic view of the nature reserves and have extensive and unique recreational facilities,' a CDL spokeswoman said. She declined to give an indication of pricing.

    CDL bought the site for $280 per sq ft per plot ratio. The project's breakeven cost is thought to be in the $600-700 psf range.

    Meanwhile, developers continued to post a mixed bag of results for recent property releases.

    While projects in mass and mid-segments continue to be sought after, demand is cooler for higher-end developments, particularly if they don't have smallish units.

    UOL Group is said to have sold more than 100 units at its Waterbank at Dakota condo at the weekend, taking total sales in the 99-year leasehold project to around 370 units.

    Prices are also believed to have crept up slightly - between one and 3 per cent. Prices of typical units range from 'above $1,000 psf to above $1,300 psf'.

    UOL is said to have released more than 400 of the 616 units in the project, which fronts Geylang River and is next to Dakota MRT Station, which opens this Saturday. It began selling the project last week.

    BT understands the showflat will be closed today and tomorrow in preparation for the project's official launch on Saturday.

    The buzz about UOL's project has also benefited the neighbouring Dakota Residences, where another 15 units - four-bedders facing the river - have been sold. The average price is close to $1,050 psf. And the 348-unit condo now has fewer than 40 unsold units. It is being developed by a joint venture between Ho Bee and NTUC Choice Homes.

    TID - a tie-up between Hong Leong Group Singapore and Japan's Mitsui Fudosan - last week sold a further seven units of the freehold Nathan Suites.

    This means TID has sold 30 of the 52 units released in the 65-unit development, which will rise 24 storeys and is being sold at an average price of about $2,100 psf.

    High-net-worth Singaporeans have made up the bulk of buyers, a Hong Leong spokeswoman said.

    CDL, the listed property arm of Hong Leong Group, says it marketed The Residences at W Singapore Sentosa Cove in Hong Kong at the weekend.

    'The interest level is good and our marketing staff are awaiting telegraphic transfers for some units, while a number of prospective buyers have made arrangements to conduct on-site visits,' CDL's spokeswoman said.

    The group, which expects to do roadshows in Shanghai and Jakarta in the next few weeks, declined to provide sales updates in the meantime.

    CDL is selling the 99-year leasehold condo at $2,500-$3,000 psf. Sales in Singapore are said to be tepid.

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    I thought I heard some MIW saying singapore housing is affordable.. Hmmm.. ST heading 3000 .. Spore GDP 13.2 % ... NWC wages recommendation ?? hope to get more than 8%

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    Any updates on the sale and psf?

    Is it worth to buy a 3br at $1100psf?

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    Quote Originally Posted by adamfong
    Any updates on the sale and psf?

    Is it worth to buy a 3br at $1100psf?
    i think the condo pricing depending on location of cos is slowly getting out of reach for HDB upgraders ~

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    Quote Originally Posted by adamfong
    Any updates on the sale and psf?

    Is it worth to buy a 3br at $1100psf?
    If you like the area I think it's reasonable. the 3bd is abt 1200sqf with no balcony/bay window so usable space is big. It's near MRT and food center and facilities. with circle line suntec city is like 4-5 stops away ? 1k psf next to MRT seems to be the pricing nowadays.

    dun forget if u take UOB SOR+0 loan, practically you get a form of cash rebate from the loan, so the total price is actually slightly less than purchase price. if that make u feel better

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    I understand that high floors, landed property facing 3 bedroom units have already been sold for more than $1150 psf last week.

    So its interesting to see at tomorrow's public launch of the remaining stacks, to coincide with the opening of Dakota Station of the Circle Line, whether prices will edge further north.

    After all, I dont think there will be many more new condominium projects near city or at city fringe that will be built within 200 m to any MRT stations.

    I personally think its a project worth a serious 2nd look.....

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    Quote Originally Posted by devilplate, SkyscarperCity-Waterbank at Dakota, 16 April 2010 5.44 pm
    heard from agts tat they conduct another rd of balloting today for certain newly released stacks...I wonder how many gd units r left for tmr public launch.
    Conducting ballot before public launch?

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