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.

 

 

 

Advertisements

Apartments above $10m still shine in dull market

Apartments above $10m still shine in dull market

In the landed sector, demand for GCBs remains strong, says CBRE

 

(SINGAPORE) The high-end residential sector has been largely subdued in 2008, but at least 50 luxury apartments costing above $10 million each have been sold so far this year. And the tally for the full year, according to property consultant CB Richard Ellis (CBRE), is expected to come in at about 70 to 100 units.

 

This will be lower than the 139 such units sold for the whole of 2007, but still significantly higher than the 2006 full-year figure of 23 units, CBRE’s research shows.

 

Putting things in perspective, CBRE Singapore’s managing director Pauline Goh says: ‘One point to note is that luxury home prices in 2006 were lower than in 2007. Hence, fewer units would have touched the $10 million mark back in 2006. There was also a smaller supply of upscale developments with big units back then compared with 2007 and H1 2008.’

 

The 50-odd luxury apartments costing above $10 million each sold so far this year are the tally at June 17 and include not just units sold at Nassim Park Residences, which was previewed in May, but also a unit each transacted at Cliveden at Grange, The Tomlinson, The Grange and The Orange Grove condos.

 

BT understands that the highest-priced transaction so far this year is a $19.7 million ground-floor unit sold at Nassim Park Residences.

 

In the landed sector, a total of 23 Good Class Bungalows (GCBs) have changed hands so far this year for a total of $380 million.

 

‘We’re quite confident that at least 50 to 60 GCBs will be sold for the whole of 2008. Demand will continue to be strong from Singaporeans as well as PRs, but deals are limited by availability of GCB stock,’ Ms Goh predicts.

 

Last year, a total of 87 GCB deals totalling $1.15 billion were sealed, against the record 119 transactions worth $1.23 billion in 2006.

 

As for the outlook for luxury apartment sales, Ms Goh says: ‘Singapore has a lot going for it; the government has put in so much effort to build Singapore into a global city. We’ll have the integrated resorts, special events like Youth Olympic Games and F1 night race. Singapore is on the radar screens of a lot of international investors. However, the flow of bad news from the US has to stabilise before confidence returns.

 

‘On the other hand, as Nassim Park Residences shows, if the product is right, there can be very, very strong demand. The project is in a very niche location; arguably the best luxury location in Singapore.’

 

Market watchers say the volume of transactions for apartments costing more than $10 million for the rest of 2008 will depend partly on when developers release new prime-district condos and their strategy on the mix of unit sizes.

 

Developers have tended to veer towards bigger units in the past couple of years but some analysts say some developers are now considering changing tack for upcoming projects. These developers are wondering whether it will make more sense now to have a higher proportion of smaller units – given weaker sentiment.

 

‘The idea is to make the absolute price quantums smaller, say $3-5 million per apartment, which will mean a bigger pool of buyers, compared with having a lot of biggish units in a project costing, say, above $10 million,’ an analyst says.

 

Source: Business Times