Monday 21 May 2018

The Opus is a new freehold development located right in the heart of Katong

The Opus is a new freehold development located right in the heart of Katong that is that been successfully sold on a collective sale to a joint venture City Developments Limited (CDL) as well as Hong Leong Group. The collective sale was closed at $906.7 Million which is the largest collective sale in terms of dollar value till date and represents the developer’s confidence in prime freehold land in the Amber Road and Katong area right next to an MRT Station. With a plot ratio of 2.8, the price works out to S$1,515 per square foot per plot ratio (psf ppr). Estimated Selling Price is likely to be close S$2,500 psf.

The Opus Condo is located just 200 metres from the upcoming Tanjong Katong MRT Station (completion in 2023). Nearby amenities include Parkway Parade and I12 Katong shopping centres, with easy access to the central business district via the East Coast Parkway (ECP) expressway. The Opus East Coast is also near popular schools, with Tanjong Katong Primary School, Tao Nan School and Victoria Junior College among those within the vicinity.

Subject to regulatory approval, CDL and Hong Realty intend to redevelop the site into four 25-storey luxury condominiums, with almost 800 units and containing a basement car park. According to the developers, most of the units will command a sea view and have a North-South facing orientation.
Amber Gardens is a small stretch of road linking Tanjong Katong Road to Amber Road. It is a quiet part of the Amber Gardens neighbourhood that features the highly sought after address around the Amber area. Condominiums facing Amber Road are away from the noise and hustle of the city as it is an exclusive road for the entrance of only a few condos in the Amber area. There are also 2 bus stops right at both ends of Amber Gardens. Therefore, owners of the development will be able to travel to other parts of Singapore readily via public transport.

More information at https://investintproperty.com/properties/the-opus/

Mayfair Collection is an upcoming New Condominium at Bukit Timah

Mayfair Collection is an upcoming New Condominium in District 21 Singapore. The site/development formerly known as Mayfair Gardens was successfully enbloc sold to Oxley Holdings for $311 million. With an additional lease top-up premium estimated at $52 million to top up the lease to a fresh 99 years, it translates to a land price of about $1,244 per square foot per plot ratio (psf ppr). Under the 2014 Master Plan, the site is zoned "Residential" with a gross plot ratio of 1.4, which allows redevelopment potential to reach up to a maximum permissible gross floor area of 291,865 sq ft. Mayfair Gardens New Condo could potentially have 387 units on average 70sqm per unit. 

Mayfair Gardens New Condo is located in a private residential enclave just off Dunearn Road and Bukit Timah Road.  It is near to schools such as Methodist Girls' Primary & Secondary schools and Hwa Chong Junior College, and is only a mere 300m away from King Albert Park MRT station. 

Sun Rosier New Condo

Sun Rosier New Condo is a Highly Anticipated Freehold Development in District 19 Singapore. It is minutes walk to Bartley MRT Station and close Serangoon Stadium and Heartland Mall.  It will be developed by JV SingHaiyi Group and Huajiang International who Enbloc bought the plot of land (former How Sun Park) for S$271 million. The offer works out to S$1,325 per sq ft per plot ratio for the 146,046 sq ft site. The break-even price for the new development is expected to be in range of $1,800 psf and the selling price is estimated to be above S$2,000 psf. 

Sun Rosier New Condo sits on a land area of 146,046 sq ft. It has a 1.4 plot ratio (ratio of maximum floor area to land area) and an allowable height of up to five storeys. Given the location which is walking distance to Bartley MRT Station and nestled between Serangoon, upcoming Paya Lebar Commercial Hub and near the upcoming Bidadari estate - it is expected to generate overwhelming interest from both investors and home seekers.

More information at https://investintproperty.com/properties/sun-rosier-new-condo/

Ideo Sukhumvit 93 is an upcoming Freehold Development by Thailand's Top Listed Developer Ananda Development PLC. (ANAN).

Ideo Sukhumvit 93 is an upcoming Freehold Development by Thailand's Top Listed Developer Ananda Development PLC. (ANAN).  It is located in the Up and Coming Residential Development Zone popular with Expats and Locals and is only 15 metres from the nearest Bangchak BTS Skytrain station and is close to 2 expressways. The location allow easy access and convenience to the different parts of Bangkok. Ideo SUkhumvit 93 standing tall at 38, 27, 17 storeys will be one of the Tallest High-Rise Freehold Condo in the Vicinity. It has full Condominium facilities with Residential Units ranging from Studio, 1 and 2 Bedroom units.

Ideo Sukhumvit 93 is designed and built for the needs of a dynamic urban lifestyle. The design of of IDEO's new series condominium is based on "lifestyle construction" concept in which every square inch serve a purpose. It will energize and inspire you in every possible way, whether it be work, day-to-day living or downtime. Live, Work and Play Energetic!

More information at https://investintproperty.com/properties/ideo-sukhumvit-93/

The Tre Ver Potong Pasir by UOL

The Tre Ver (Former Raintree Gardens) is an upcoming Condo by joint venture of UOL Group and United Industrial Corporation in District 13, Singapore. It is centrally located and is surrounded by various malls and prestigious schools. New amenities and infrastructure such as communal and commercial developments are also under planned in the nearby Bidadari Estate.
At the land cost of $797 per sq ft, the estimated break-even price will be around $1,300 psf with the estimated selling price in the range of $1,500 - $1,600 psf. The Tre Ver (Former Raintree Gardens) which sits on 201,405 sq ft site is expected to have 729 residential units and will be designed by the award-winning architect WOHA. It is expected to launch in July 2018.

Tuesday 8 May 2018

Affinity at Serangoon Coming Soon



Affinity at Serangoon is an upcoming Mega Development along Serangoon North Avenue 1 by Oxley with the envision of "Come HOME to all that you CHERISH". It will feature 1012 Apartments (1-4 Bedrooms), 40 Units of Strata Landed House as well as 5 Commercial Units. Most of the units (around 60%) are 1 or 2 bedroom units. Showflat Target Preview: End May 2018.

Affinity also formerly known as Serangoon Ville, is Privatised HUDC estate in Serangoon North Avenue 1 has been sold to an Oxley Holdings-led consortium which comprises of Oxley Holdings, Unique Invesco, Lian Beng and Apricot Capital for S$499 million. The four companies had earlier in May teamed up to acquire Rio Casa, a former HUDC estate in Hougang, in a collective sale for S$575 million.

The purchase price for Serangoon Ville at S$499 million works out to a land price of close to S$835 per square foot per plot ratio (psf ppr), which includes the estimated differential premium of S$195 million payable to the state for a top-up to a fresh 99-year lease and for the intensification of the 296,913 sq ft site to a gross plot ratio of 2.8. Given the land price of close to S$835, the estimated break even price will be in the range of S$1,300 and therefore the estimated selling price will be likely be above S$1,500 psf. It was noted that the winning price of S$835 psf ppr is lower than the next plot of land at Serangoon North Avenue released under Government Land Sales (The Garden Residences) at S$965 psf ppr.

More information at https://investintproperty.com/properties/affinity-at-serangoon/

Riverfront Residences at Hougang Avenue 7



Riverfront Residences (Rio Casa, a former privatised HUDC estate) at Hougang Avenue 7 has been sold collectively for S$575 million to Oxley-Lian Beng Venture Pte Ltd. Coupled with an additional differential premium of around S$208 million to top up the lease to a fresh 99 years and develop the site to a gross plot ratio (GPR) of 2.8, the purchase price works out to a land price of about S$706 per sq ft per plot ratio (psf ppr), based on its maximum permissible gross floor area (GFA) of around 1,109,447 sq ft.

Featuring seven residential towers, the former HUDC estate has a site area of 36,811.1 sq m (about 396,231 sq ft) and enjoys a 200m frontage of riverfront. It is zoned for residential use under the Master Plan 2014. With a Gross Plot Ratio of 2.8, the site can potentially be redeveloped to build about 1200-1,400 residential units.

Riverfront Residences Hougang (former Rio Casa) is in a matured estate (Hougang) and enjoys a 200m frontage of riverfront. It is easy accessible to Serangoon Park Connector and Hougang MRT Station which serves the North East Line. Based on the land price of about $706 psf ppr, the estimated break-even price is likely to be in the range of $1,200 with estimated selling price in the range $1,400 - $1,500.

More information at https://investintproperty.com/properties/riverfront-residences/

Jui Residences Freehold City Fringe Condo


Jui Residences is an upcoming Freehold Residential Development by SDB International (owned by Malaysia-listed Selangor Dredging) along 1177 Serangoon Road, District 12 Singapore. It is located at former National Aerated Water site along the Kallang River. It comprises of 117 units (estimated) ranging from 1-4 bedroom units and faces either the Kallang Park Connector or the Moonstone Lane. A whole range of amenities is available at Jui Residences. Please see the below site plan. Various facilities including a swimming pool, indoor gym, tennis court, children playground and BBQ area awaits you. A truly luxurious resort lifestyle for you and your family at the Potong Pasir area.

Jui Residences is ideally located at the city fringe tucked in the quiet corner of Moonstone Road. At the same time, it is also near to the junction of major arterial roads and expressways such as the Pan Island Expressway (PIE), Serangoon Road, Macpherson Road, Upper Serangoon Road and Bendemeer Road and is just minutes drive away from the Orchard Shopping District as well as supper spots around the Geylang and Serangoon area.

More information at https://investintproperty.com/properties/jui-residences/

Friday 4 May 2018

Jade Scape (former Shunfu Ville) - 200 metres to Marymount MRT Launching Soon


Jade Scape (former Shunfu Ville) is a New Launch Condominium by Qingjian Realty at Shunfu Road. The residential development sits on former HUDC Shunfu Ville site (408,927 sq ft), which was being enbloc in May 2016 for $638 million or $791 per sq ft (psf) per plot ratio. The estimated break-even cost is about $1,300 psf and the estimated selling price could be in the range of $1,500 psf.

Jade Scape is expected to feature a mixture of landed units and high-rise units of up to 25-storeys. Qingjian Realty plans to build about 1000 homes and launch the project in 2018. It is only approx 200 metres to Marymount MRT Station (Circle Line) and minutes walk to future Upper Thomson MRT Station (Thomson-East Coast Line).

More information at https://investintproperty.com/properties/jade-scape/