using colloquial language does nt make one uneducated. U agents should be professional and educated to differentiate between a discussion forum n a marketing website, but sadly enuf, u can't. It is not wrong to call u agents who try to mkt here cheebys (meaning cunt) as u r putting urselves in the position to get screwed here. Is this too unintelligible 4 u ?Originally Posted by Use you WORDS wisel y
Thank you for your kind words, i am not in a position to say who is right and who is wrong and i don't even bother at all.Seeks the effect of speech does not need one to be educated. (Check all the the dictionary, what is the meaning of WISELY)
Recommending feedback to the admin would keep agents away from marketing here. It's your OWN assumption of me being an property agent. Lastly this forum is place for inventors and property related. And it's not for showing off your colloquial language. GET IT RIGHT.
Sorry..I couldn't resist...this forum is for INVENTORS??!!!
most agents are crackpots wth lousy english so u got to understand that.
If Mr Kwek is still so bullish about the health of the property market, why then does Thakral Land(a wholly owned unit of Hong Leong Asia/Mr Kwek Leng Beng) want to dispose of the all the balance 17 units of The Sovereign it owns?
Thakral Land has been keeping the 17 units of The Sovereign since TOP more than a decade ago. So why sell now?
There is redevelopment potential as the site’s current Masterplan plot ratio - ratio of maximum potential gross floor area to land area - is 2.8, which is higher than the 1.8 plot ratio tapped by the existing property. So why should Mr Kwek sell now?
Is Mr Kwek saying one thing and doing the contrary?
sme developers say the 'right things' to protect the interest of future launches n personally act otherwise to protect their own interest.
Hi,
A question -
For those owners on DPS, from when they will start to pay mortgage to their banks?
TOP - which is when?
Getting keys so that they can move-in - when will that be?
Thanks for your help.
Any complaints please PM me
http://www.straitstimes.com/News/Hom...ry_276105.html
Sep 7, 2008
The billionaire & The Sail penthouse
He came, he saw, he bought for a cool $15m
Whole-floor penthouse on 63rd storey is the most expensive buy so far at Marina Bay condo
By Joyce Teo
Even as the wind is being taken out of the sails in the high-end property market, one deal worth nearly $15.5 million was inked recently.
Dr Bhupendra Kumar Modi, global chairman and founder of Indian conglomerate Spice Corp, bought a whole-floor penthouse unit at The Sail @ Marina Bay for a cool $15.463 million last month.
The US$1.5 billion (S$2.2 billion) Spice Corp group makes cellphones and operates a chain of cellphone retail outlets and entertainment plazas in India.
Last month's deal makes the 5,834 sq ft penthouse - atop the 63-storey second tower of The Sail - the most expensive in the 1,111-unit condo, though not in Singapore.
The price for the 99-year leasehold apartment works out to $2,650 per sq ft (psf). Next door, a bigger penthouse in the 99-year leasehold Marina Bay Residences was sold for $26.9 million, or $2,446 psf in late 2006.
In Singapore, the record price is $5,600 psf for a 53rd-storey private apartment in The Orchard Residences. This works out to $28.27 million for the 5,048 sq ft, 99-year leasehold unit.
On an absolute basis, a freehold apartment on the 19th storey of The Marq on Paterson Hill was sold for a whopping $31 million, but at a lower psf price of $5,100. Both deals were done during last year's boom.
Price was never an issue for Dr Modi, 59. It was love at first sight when he viewed the penthouse at The Sail, which is the size of nearly six four-room HDB flats.
'You either like or don't like it,' he said of his property buy. 'The deal was closed in two hours. Even my wife didn't look at it.'
It comes with a lap pool, a private terrace, four bedrooms and sweeping views of the Marina Bay area.
Designed by architect Peter Pran, The Sail will be the tallest residential development in Singapore when completed this year. Its other tower has 70 storeys.
'I have a lot of global guests... I want to show them the best of Singapore and this flat allows me to do that,' said Dr Modi, who became a permanent resident here on Aug 15, India's Independence Day.
He has just relocated the global headquarters of the Mumbai-based Spice Corp here.
When renovation work at his penthouse is completed by the start of next year, he will move from his current base in Beverly Hills in the United States to Singapore.
Over there, Dr Modi has an 8,000 sq ft house with five bedrooms and a pool.
'There, I had my family with me. Here, my son wants to live separately,' he said.
His son Dilip, 32, is the group president for global operations at Spice Corp. One of his daughters Divya, 26, is its global director of finance.
His son will set up home at one of his two older properties here - a $12.5 million unit at The Claymore, bought six years ago, and a $10.5 million Ardmore Park unit bought in 2006.
Dr Modi has a fourth personal property in Singapore, a $10.5 million penthouse of around 5,000 sq ft in Sentosa Cove. He will use the unit, 'right by the sea', as a weekend home to get away from the madding crowd, 'to read and to meditate'.
All the four homes were bought in his personal capacity.
He has three other company-owned properties in Singapore: an office property and two small residential properties in East Coast used as company guesthouses.
Dr Modi said he will create an 'environment' in The Sail penthouse that is similar to that of his Beverly Hills house.
That means turning The Sail penthouse into a swish '24/7' entertainment zone.
'I like to be with people all the time,' said the man who led the world's largest delegation of spiritual leaders to The Millennium World Peace Summit held at the United Nations General Assembly, and who is also president of the Maha Bodhi Society of India, an organisation aimed at reviving Buddhism in India.
Dr Modi, a Buddhist, has reportedly demanded Indian citizenship for the Dalai Lama. He has a film-making firm called Buddha Films.
He has also announced his plans to help revive the shopping and entertainment scene here.
During Spice Corp's opening here in the middle of last month, he said his group will invest US$200 million in a 24-hour entertainment and shopping complex, as well as a cellphone software development centre here.
His purchase of The Sail has netted the seller, Dr Sudhir Gupta, $6.6 million.
Dr Gupta, 50, is the New Delhi- born, Moscow-educated Singaporean businessman who made headlines when he bought the same unit in late 2005 for $8.8 million or $1,508 psf - then above the condo's average price of $1,080 psf.
Dr Gupta, who became a Singaporean in 1997, had also bought 21 other units at The Sail for an average price of $1,150 psf around that time.
He was born into a middle-class family in New Delhi but went on to start a tyre company in Moscow. He later acquired a Dutch tyre-maker and listed the merged entity in London in 2005.
Dr Modi, on the other hand, is the son of Mr Gujar Mal Modi, who founded one of India's largest industrial conglomerates, the Modi Group.
Dr Modi parted ways with his family in the early 1980s and, with the money from the split, started a series of joint ventures with global corporations, the first with Xerox.
'He is from Delhi city so he knows us for a long time,' said Dr Modi of Dr Gupta. Still, he bought his penthouse through a broker.
'I never use my personal relationship. He didn't know I bought it until later.'
Market watchers say the $15.463 million price tag is high given today's weak property market.
'This penthouse is unique as it's on a whole floor, offering a 360- degree view and on a very high 63rd floor,' said Knight Frank's director of research and consultancy, Mr Nicholas Mak, explaining its high price.
'But such transactions are rare and getting more so these days because the market has turned more cautious.'
There are many potential landlords at The Sail but few takers for now, market watchers said. Apart from possibly high asking rents, there is also construction work going on near the development.
Dr Modi now has 13 properties all over the world. Apart from the four here, the rest are in Bangalore, Beijing, Beverly Hills, Mumbai, Kuala Lumpur, London, New Delhi, New York and Shenzhen.
On his latest buy here, he said: 'Beauty is in the eye of the beholder. It is a location I like very much...It's not something I bought to sell. I never sell my houses.'
[email protected]
A place for 24/7 entertainment
Having coughed up nearly $151/2 million for his penthouse at The Sail @ Marina Bay, Dr Bhupendra Kumar Modi will plonk down another $2 million to do it up.
That $2 million can buy six four-room HDB flats or a fairly posh condo unit.
The money will go into making it a 'high-tech' penthouse with special lights, a home theatre system and even a spot for musicians to jam.
One of the four bedrooms will be for Dr Modi's own use.
The rest of the apartment will be used for entertaining up to 100 guests, from breakfast to dinner to supper.
'I am converting it into a sort of 24/7 entertainment place,' Dr Modi told The Sunday Times.
'Singapore will be a 24/7 city, so will be my flat. If it's breakfast, we can have a party by the pool. If it's the afternoon, we can have a movie in the hall.
'At night, we can create a disco in some areas. It's a lifestyle place.'
Its splendid view, location and spaciousness - a total of 5,834 sq ft - are why he bought the unit.
'I like the layout for the purpose I want. It's not a family penthouse, it's more a single's pad,' he said.
Joyce Teo
Hi, anyone who have units@ The sail twr 1 stack 04,05 or 06 going at 1800 - 2200psf #12 floor abv, pls sms / call me at 96337533. Have a serious indon buyer looking for one.
Thanks
You wanch to buy lower issit?
All buyers of sail must be having a crack party before signing the papers. i bet 90% of these buyers are crack addicts....
Why insult them? Did they offend you?
Newbie
because there are sour grape eaters in this forum
like to put down on this and that properties
to make themselves feel better
This is the nature of human ya
Any idea what is the latest status of studio units at Sail now ? offer price for studio with seaview ? Thanks
probably you get construction view and a lot of noises and dust.. Should be going at much more reasonable prices now that the "wow" factor from the top floors is gone ! Hearing rentals have plunge for this project as well !
From Realis (sorry poor formating):
Project Name/Address Floor/Land Area (sqm)/Unit Price ($ psf)/Contract Date/Type of Sale
THE SAIL @ MARINA BAY 2 Marina Boulevard #11-06 158 1700 10-Oct-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #11-15 80 1550 10-Oct-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #19-22 122 1371 07-Oct-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #45-21 80 1968 30-Sep-08 Sub Sale
MARINA BAY RESIDENCES 18 Marina Boulevard #44-04 66 1760 22-Sep-08 Sub Sale
THE SAIL @ MARINA BAY 2 Marina Boulevard #14-06 163 1750 19-Sep-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #04-18 153 1500 16-Sep-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #48-18 185 2000 14-Sep-08 Sub Sale
THE SAIL @ MARINA BAY 2 Marina Boulevard #27-03 96 2449 13-Sep-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #27-18 153 1800 12-Sep-08 Sub Sale
MARINA BAY RESIDENCES 18 Marina Boulevard #49-07 97 2175 09-Sep-08 Sub Sale
MARINA BAY RESIDENCES 18 Marina Boulevard #39-04 66 2049 08-Sep-08 Sub Sale
MARINA BAY RESIDENCES 18 Marina Boulevard #39-05 68 2050 08-Sep-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #10-16 57 1661 28-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #50-18 180 2270 25-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 2 Marina Boulevard #15-11 62 1579 25-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #52-16 57 1651 20-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 2 Marina Boulevard #42-04 87 2563 13-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 2 Marina Boulevard #30-03 96 2497 07-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 2 Marina Boulevard #28-11 62 1549 07-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #63-18 542 2650 06-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 2 Marina Boulevard #15-05 82 2389 01-Aug-08 Sub Sale
THE SAIL @ MARINA BAY 6 Marina Boulevard #52-17 63 1650 01-Aug-08 Sub Sale
Sand delay...
So those who bt Sail have to endure further piling and dust for more mths to come.. Reckon what will happen to the price at Sail ?
Huh! Really?
Marina IR to open by end-2009 as planned
Reuters
Singapore
Friday, 31 October 2008
Las Vegas Sands plans to open its Singapore casino by the end of next year as scheduled, despite a report that the project will be delayed, a Singapore-based company executive said yesterday.
“We continue to target the end of 2009 for the opening of Marina Bay Sands,” Mr George Tanasijevich, general manager of Marina Bay Sands, said in a statement.
His comments follow a report in The Straits Times yesterday, which said the project was several months behind schedule due to construction issues and a shortage of labour.
According to the newspaper, event organisers said the casino had indicated that it would accept bookings only from April 2010.
Singapore legalised casino gaming in 2005 and licensed two multi-billion-dollar integrated resorts in a bid to attract more tourists and convention visitors.
The Marina Bay Sands is being built on reclaimed land near Singapore’s central business district and is scheduled to open late next year.
The second, Genting International’s Resorts World at Sentosa, is slated for completion in 2010. A Resorts World spokesman said it was “on track” for a “soft opening” in 2010, the paper reported.
Heard 900 psf done for The Sail.. Can anyone confirm ?
still ok no go down to 20$psf hehe
Maybe $964psf?
Exactly the same as 99LH KR in D19?
Ha ha!
Anyway, it's not true! I'm just kiddin'.
I am not kidding.. Am hearing whispers about 900ish psf sale.. Can anyone confirmed ?
Forget about condo lah.
Go buy HDB flats better.
Many are buying HDB flats. So can't go wrong.
280 have booked Natura Loft during the weekends.
$1600psf for #34, seaview
nex time enbloc he aso wan hi pris becos hi flor an seaview?
When touring showflats, I enjoy Cyndi Lauper's Time-after-Time as background music. Hate the oldies like Frank Sinatra!
excuse me, enbloc no such thing as more money for high floor.......or facing! same payout even unit face rubbish dump.......
You heard something else lah!
Las Vegas Sands reaffirms commitment to Marina Bay Sands project
Channel NewsAsia
Friday, 7 November 2008, 2032 hrs
The Marina Bay Sands
Las Vegas Sands said it is committed to completing the development of the Marina Bay Sands integrated resort in Singapore.
Concerns had been raised about the company's ability to finish the US$4 billion development after news broke out that it was struggling with a shortage of cash.
In a statement on Friday, Sands said it met with the Singapore government this week and gave the assurance that it will see the Marina Bay Sands project through.
It said the meeting covered a range of subjects, such as the pace of construction of the hotel towers in the resort and the strong response to the marketing efforts by Marina Bay Sands and the Singapore Tourism Board to bring more conventions, exhibitions, and corporate meetings to Singapore.
Sands also said it has complied with regulatory requirements that will allow it to have up to 1,000 gaming tables in the resort's casino – up from the original figure of 600 tables.
The company said it has received more than 10,000 responses from Singapore job-seekers to its joint recruitment initiative with the National Trades Union Congress' (NTUC) Employment and Employability Institute and the Singapore Workforce Development Agency.
Sand's statement comes as banks which provided loans for the project said all signs signal that it is on track. DBS said it has not had any indication that work on the project is faltering.
DBS is one of 40 banks that formed a syndicate to fund the Marina Bay Sands casino development, which is estimated to cost more than four billion US dollars.
"All signals I'm getting from the management of Las Vegas Sands is that they intend to finish the project and move on," DBS chief executive Richard Stanley said at a news conference on the bank's third-quarter earnings.
"I have to accept what they say and I have seen in recent days a strong commitment to the project from Las Vegas Sands... There's been no default, there's been no indication of default," he said, adding there was no need to provide for loan provisions.
"As of now, all the equity commitments have been made, the project is proceeding in pace."
Citi Singapore, which is also providing loans for the project, said the long-term viability of Marina Bay Sands has not changed.
Citi's head of corporate banking, Silas Lee, said the fundamentals of the project still stand although short-term uncertainty is expected given the current market conditions.
According to reports, Sands held talks this week with the Singapore government over the Marina Bay project.
The Singapore Tourism Board said last month that it was in talks with Marina Bay Sands to facilitate the successful completion of the project.
Yes, still on.
Marina IR is 'No. 1' priority
Lim WeiChean
The Straits Times
Tuesday, 11 November 2008
The Marina Bay integrated resort remains the 'No 1' priority for Las Vegas Sands even as the casino operator suspends projects in its Macau headquarters and scales back on a development in Pennsylvania, its top suits promised.
Sands president and chief operating officer William Weidner said the Singapore IR is not only 'a very important project' which offers 'terrific returns on investment', but it is also 'probably the most important project' in their portfolio.
In a conference call early on Tuesday, the embattered company also said it is raising US$2.14 billion in capital, including new funding from its billionaire chief executive, Sheldon Adelson.
A persistent worry for the financial-crises cum property market??????
If you are experiencing symtoms such as fatigue,poor concentration,
restlessness, irritability, sleeping difficulty and headaches, do not be
scared to see your GP. If the description sounds like you, you may
be suffering from Generalised Anxiety Disorder!
PROPERTIES ARE IN SHACKLES! DO NOT PUT YOUR LIVES IN HANDCUFFS!
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