For Sale/Rent: Cuscaden Residence, 3+1, 1485sqft, #1x-02

For Sale/Rent: Cuscaden Residence, 3+1, 1485sqft, #1x-02

 

Cuscaden Residence, 26 Cuscaden Road

 

District 10

 

3+1 bedroom, 1485sqft

 

Full Condo Facilities

 

Tenure: Freehold

 

TOP: 2001

 

Located at the prime area of Orchard, Cuscaden Residence offers a luxury living that one would always dream of. With fine dine around here, one is so spoilt of choice. Not forgetting shopping is around the corner.

 

For Sale: $3,420,000 or $2,300psf

 

For Rent: $9,000/month

 

View from Living area

 

View from the Masterbedroom

 

Floorplan

 

Living Area

 

Masterbedroom 1

 

Masterbedroom Wardrobe Area

 

Master Bathroom

Prime property districts’ prices show 1st fall in 4 years: DTZ

Prime property districts’ prices show 1st fall in 4 years: DTZ

Downward pressure may increase as speculators dispose of units, it says

 

(SINGAPORE) Property prices in the prime districts of District 9, 10 and 11 have registered their first fall in four years and DTZ Debenham Tie Leung believes that this downturn in sentiment could spill over to the non-prime districts.

 

In an analysis of resale prices based on its own basket of properties, DTZ found that prices of private residential properties in Q2 this year reflected the first correction in the past four years, led by non-landed residential units in the prime districts.

 

DTZ’s basket of properties for prime freehold non-landed resale residential homes include Cairnhill Crest, The Pier at Robertson and Botanic on Lloyd and capital values averaged $1,410 per square foot (psf) in Q2 2008, reflecting a 4.7 per cent quarter-on-quarter (qoq) decline. Capital values had remained at $1,480 psf for the two previous quarters.

 

While it should be pointed out that luxury home prices have reached new heights in recent years, DTZ said that it also tracks a separate basket of luxury properties which includes premier developments like Ardmore Park.

 

Outside the prime districts, capital values of freehold and leasehold non-landed resale residential units remained unchanged, averaging $750 psf and $610 psf respectively, holding steady at this level for three consecutive quarters after both sectors registered 7 per cent increases in Q4 last year.

 

And the outlook for rest of the year is likely to be challenging.

 

DTZ said that with high inflation compounding the expected economic slowdown globally, prices of private residential properties are set for further corrections.

 

‘Besides smaller developers, some of the bigger developers are also likely to reduce selling prices to move sales especially for developments that have been on the market for some time.’

 

‘In addition, the sub-sale market is expected to be active with speculators disposing their units, especially those who have purchased multiple units on Deferred Payment Schemes and are most likely to dispose some or all units to avoid stretching their financial limits,’ it added.

 

While some speculators may feel that renting remains an option for them, DTZ said that as rentals come under pressure in 2009-2011 due to the surge in new home completions, it is unlikely that speculators will want to hold on to their units for rental income.

 

DTZ does believe that there was significant wealth creation in the run-up to the recent ‘economic boom’ of 2006 and last year, and there is ‘pent-up demand’ from many who have been waiting for an opportune time to buy. ‘Take-up will eventually pick up when the market senses that prices have bottomed,’ it added.

 

On the pick-up in sales towards the end of Q2 2008 for ‘attractively located and reasonably-priced projects’, DTZ’s executive director (Residential) Margaret Thean said: ‘At the end of the second quarter, we began to witness the return of market confidence and an improved buying sentiment. Some residential projects are enjoying sell-out status while others are being are well-received. This is clearly indicated by the sell-out status of projects such as Suites 123 while Nassim Park, Parc Sophia, Dakota Residences and Clover by the Park received encouraging response.’

 

Source: Business Times

New Project Launch by Developer: The Orange Grove

New Project Launch by Developer: The Orange Grove

 

Developer: Ho Bee Group

 

Address: Orange Grove Road

 

District: 10

 

Tenure: Freehold

 

Type of Development: 1 block of 12-storey with Attic residential units with a basement car park, swimming pool and communal facilities

 

TOP Expected: 1st May 2010

 

Total Units: 72

 

Unit Mix: 3bedroom (2,153 – 2,777sqft), 4bedroom (2,691 – 3,488sqft), Penthouses (3,789 – 5,490sqft)

 

Facilities:

Swimming pool;

Clubhouse with gym & steam room ;

 

Project Description: The Orange Grove, a home that stands the test of time in every way. Located within the prestigious enclave of Orange Grove Road, The Orange Grove has an address that commands only the best, and stands out as a beacon of luxury and allure.

 

The Orange Grove is designed to take full advantage of its natural surroundings. From this unrivalled vantage point, savour spectacular views of both the city skyline as well as the neighbouring lush greenery.

 

With just 72 apartments, enjoy an uncommon exclusivity at The Orange Grove. Take your pick from a collection of 3 and 4-bedroom apartments as well as uber-luxurious penthouses, all designed to meet your demanding tastes.

 

A glittering lounge pool beckons as you arrive home, promising a moment of tranquility before more serious action at the lap pool. The clubhouse, a striking glass box overlooking the pool, houses the gymnasium as well. The family is not forgotten; a children’s pool, jacuzzi pool, BBQ pits and a pool deck for private functions, lavishly equipped for your every need!

 

At The Orange Grove, you are in a position to make the most of life. Just a 1-minute drive away is Orchard Road, Singapore’s premier shopping, dining and entertainment belt, and the epicentre of all that is hip and happening. Constantly reinventing itself, this retail therapy heaven promises to excite even the most seasoned of shoppers.

 

The Orange Grove is also in close proximity to prestigious schools like Anglo Chinese Primary School, Singapore Chinese Girls’ School, Raffles Girls’ Secondary School and St Joseph’s Institution.

  

Please contact me if you need further details on the above-mentioned projects or any other projects’ details. I would be more than happy to be of assistance.

 

 

 

Developers to unveil more modestly-priced condos

Developers to unveil more modestly-priced condos

Dakota slated for preview this month at under $1,000 psf average, lower than earlier indicated

 

(SINGAPORE) Developers are getting ready to release mass- to mid-market condos, encouraged by the response to modestly-priced developments recently.

 

City Developments Ltd (CDL) previewed Shelford Suites about a week ago at an average price believed to be around $1,550 psf, although CDL’s spokeswoman said the average price for the five-storey freehold project in the Shelford/Adam roads vicinity is in the $1,500 to $1,700 psf range.

 

The property giant is also aiming to preview by the end of this month or early July the first phase of Livia, a 724-unit condo at Pasir Ris Drive 1.

 

The 99-year leasehold condo, near Pasir Ris MRT Station, is being developed by a joint venture involving CDL, Hong Realty and Hong Leong Holdings.

 

‘The average price will be revealed closer to the preview,’ CDL’s spokeswoman said.

 

However, market expectation is that CDL will price the project attractively, at below $700 psf for the initial phase.

 

Those taken in by the charms of riverfront-living close to the city can look forward to Ho Bee’s and NTUC Choice Homes’ preview of The Dakota later this month.

 

The average price of the 99-year leasehold condo is expected to be ‘under $1,000 psf’, BT understands. This is lower than than the $1,000-1,100 psf average price expectation Ho Bee had indicated in June last year when the developers emerged as the top bidder for the plot at a state tender.

 

The 348-unit project is expected to be 20 storeys high and will front Geylang River. It will also be close to Dakota MRT Station, which opens on the Circle Line next year. The Dakota will comprise six blocks with a mix of two-, three- and four-bedroom apartments, and penthouses.

 

Over in Pasir Ris, CDL’s spokeswoman said that the company is in ‘in the final stage’ of preparing a phased soft launch of Livia. The condo is targeted at the mass market and will comprise several blocks of 15 to 16 storeys with two-, three- and four-bedroom apartments, and penthouses.

 

Elsewhere on the island, freehold projects with tiny studio units dubbed ‘shoebox apartments’ (ranging from under 400 sq ft to about 500 sq ft in size) in places like Sophia Road and Race Course Road, have been selling fairly quickly at around $1,100 to $1,400 psf in the past couple of months.

 

Over in the Botanic Gardens vicinity, UOL Group, Kheng Leong and Orix Corporation will officially launch today Nassim Park Residences condo.

 

Nearly 50 units have been sold at an average $3,000-3,200 psf since the preview began the week of Vesak Day, although this is expected to go up slightly from today.

 

 

Testing the market: CDL previewed Shelford Suites about a week ago at $1,500-$1,700 psf. The group is also aiming to preview the first phase of Livia, a condo in Pasir Ris, by month’s end or early July.

 

Source: Business Times

Nassim Park Residences: Wee family goes condo-shopping

Nassim Park Residences: Wee family goes condo-shopping

 

Its members pick up three units in Nassim Park Residences for $40m

 

MEMBERS of the Wee family have bought three units at Nassim Park Residences near Botanic Gardens for a total of nearly $40 million, a filing by UOL Group to Singapore Exchange (SGX) on Wednesday shows.

 

Wee Ee Cheong, CEO of United Overseas Bank and son of UOL chairman and controlling shareholder Wee Cho Yaw, picked up a penthouse for $18.33 million or $2,670 per square foot (psf).

 

Two of his siblings bought a sky unit each in the five-storey freehold condo at about $10.6 million each. Wee Ee Chao, who sits on the UOL board, bought a unit with his wife Jennifer for $3,308 psf, while his sister Wei Chi snapped up a unit for herself for $3,293 psf.

 

The SGX filing also showed that UOL director Alan Choe’s son Jonathan, through his company Montgomery Hills, bought a ground-floor unit, that comes with its own pool, for nearly $11.5 million or $2,513 psf.

 

Buyers of the four units received a special 2 per cent discount. More than 40 units have been sold in the development, which has a total 100 units, since its preview began the week of Vesak Day.

 

The average price achieved is said to be somewhere in the $3,000-$3,200 psf band, although analysts expect the developer to raise prices slightly when the project is officially launched next week. The project is being marketed by CB Richard Ellis and Savills.

 

The units in the development are priced at $10 million and above, with each having at least four bedrooms.

 

Nassim Park Residences has drawn a good mix of local and foreign buyers, and market watchers attribute its encouraging take-up to its ‘reasonable pricing’.

 

‘Had this project been launched a year ago, it could have been priced in the mid to high-$3,000 psf range, on average,’ a market watcher said.

 

UOL is developing Nassim Park Residences jointly with Kheng Leong group (a privately owned vehicle of the Wee family) and Japan’s Orix Corporation, on the former Nassim Park condo site that UOL bought in August 2006 for $380 million.

 

Its land cost worked out to about $1,131 psf of potential gross floor area inclusive of an estimated development charge of $8 million at the time. The breakeven cost then for a new development on the site was estimated at $1,600-1,700 psf.

 

UOL has also sold over 40 units of its 88-unit Breeze by the East condo along Upper East Coast Road near The Bayshore since it began selling the project around mid-April.

 

The five-storey freehold project was initially priced at about $950 psf on average, but this has since been raised to $980 psf, BT understands.

 

Even so, the pricing is considered attractive compared with the $1,600-$1,700 psf average price that Tiong Aik picked for its 20-storey freehold Parc Seabreeze in the Marine Parade/Joo Chiat area in early May.

 

Tiong Aik has since withdrawn the project from the market.

 

Source : Business Times

New Project Launch by Developer: Nassim Park Residences

New Project Launch by Developer

 

Address: 15 to 21 Nassim Road

 

Tenure: Freehold

 

Type of Development: 2 blocks of 5-storey & 2 blocks of 5-storey with Attic residential units with a basement car park, swimming pool and communal facilities

 

Unit Mix: 4 bedroom (3,175 – 7,901sqft),  Duplex penthouses (6,803 – 8,008sqft)

 

Special Features: Private Lift Lobby for all residences;

Private Lift for all penthouses, direct to front door;

Ground floor units and penthouses feature private garden and pool;

Swimming pool;

Clubhouse with gym;

Spa, yoga room, steam room;

Private function and dining room;

Concierge service at your beck and call

 

Project Description: Nestled in the heart of Singapore’s most desirable neighbourhood, comes Singapore’s most coveted address – Nassim Park Residences. The development is an unique collaboration between three internationally acclaimed creative minds: Singapore-based architect Chan Soo Khian, Japanese landscape architect Shunmyo Masuno, and French interior designer Christian Liaigre. The result in nothing less than extraordinary – the culmination of superlatives on every level designed to offer a phenomenal quality of life.

 

 

 

 

 

 

 

 

 

 

 

 

Please contact me if you need further details on the above-mentioned projects or any other projects’ details. I would be more than happy to be of assistance.