On Saturday, I flipped the papers and saw numerous launches by the major developers and the smaller ones trying their very best to entice buyers or undeterred investors book a unit.
Among the new launches or previews, my sources tell me that Trilinq @ Clementi has sold quite a number of units. Bartley Ridge's showflat is open for preview; D'nest's preview launch was also well received. Sennett Residences @ Potong Pasir also saw brisk sales.
There were also many advertisements showcasing properties from Malaysia, especially at the Iskandar area, UK, Thailand and the Philippines.
The hot topic pointed out Tanah Merah area and a particular anticipated launch - Urban Vista is generating a fair bit of buzz. I believe many 'Expressions of Interests' (EOI) via blank cheque submissions by prospective buyers have been collected. A few of my clients also asked me about them.
The advantages have been covered in my earlier posts which I will not repeat here. The launch on Fri, 15 mar'13 will reveal the results.
On the whole, I think transaction volumes appear to dip slightly but there are still a strong demand by genuine first time buyers out there and not forgetting the foreigners and PRs who are still undeterred by ABSD. After all, the market will be flushed with liquidity and will continue to do so unless a catastrophic economic event were to occur but at this point in time, I think this is very remote.
Showing posts with label d'nest. Show all posts
Showing posts with label d'nest. Show all posts
Monday, 11 March 2013
Friday, 8 March 2013
Showflat Visit of D'Nest
I paid a visit to D'Nest's Showflat yesterday out of curiosity as this is really a large project.
This development is situated at Pasir Ris Grove and is shaped like a letter L. Beside it are other private residential developments like The Palette, NV Residences and Livia. Walking to Pasir Ris MRT station takes approximately 8 mins.
Sitting on approximately 41,275 sqm / 444,284 sqf of land, this is really one of the largest private residential development in that area. The only one I can think of that is very big in land size is Loyang Valley.
At first glance of the draft floor plans, the one bed units (approx 484 - 570 sqf) look pretty decent in size. The layout is quite good as well. It is a proper separated bedroom from the living and dining area.
The washing machine area and wardrobe is to one side of the bedroom and the bathroom is through it.
This is a good and efficient way of space utilization. Moreover, it makes the available area appear much bigger than it is. (See below picture)
The unit also comes with a movable island in the kitchen area and a foldable ironing board in the closet area in the bedroom. A nice touch from the developers.
The 2 - 4 bed units are pretty decent in layout design as well. One of the rooms in either room types comes with a choice of either (i) construct the bay window flushed against the floor whereby there is storage room beneath it or (ii) construct the storage area flushed against the bay window so that you have a large storage area spanning from beneath floor level to the top edge of the bay window.
Depending on the objectives of the purchaser, by using option (ii), a super single bed can be placed on top of the resulting platform, thereby freeing up more space in the room.
From my understanding, there are four colour themes one can choose from from a very modern cool feel to a more warm tone. IIRC, all units will come with kitchen appliances including the fridge, cooker top, hob, oven and refrigerator. I think the one bed units will also come with a washer/dryer unit (cannot confirm).
According to the draft e-brochure that I received, the development has more than 30 different facilities sprawled across it. It also comes with a basement carpark with 912 lots (1:1 ratio), 13 handicapped lots, 6 electric car lots and 6 washing bays. It seems quite decent.
My only concern is the quality of the carpentry work that was in the showflats. I really hope that the actual quality and finishing when the development is complete shows a vast improvement. I would put it down to the developers rushing to complete the showflat for the impending launch.
All in all, unit sizes are pretty decent by today's standards and layouts are generally good.
This development is worth considering for upgraders currently staying in that area and neighbouring towns.
Tuesday, 5 March 2013
Upcoming Launches - Mar'13
These are the few upcoming launches coming up in Mar'13 in the mass market segment post the latest round of cooling measures implemented back in Jan'13.
In the East and North-east, we have D'Nest in D17, Pasir Ris. This is one of the largest development in Pasir Ris area consisting of about 912 units and is a JV between CDL, Hong Realty and Hong Leong Holdings. The land size is estimated to be over a massive 41,000 sqm.
This is a 99 yrs leasehold development and it is located within 7-10 mins' walking distance to Pasir Ris MRT station.
The unit mix ranges from the usual 1 - 4 bedroom units. However, it also has 5 bedroom dual key units and even 5-6 bedroom dual key penthouse units.
Facilities appear to be extensive as this is expected for a development of this size.
Prices are estimated to be starting from $6xxk onwards and sizes of the units from 484 sqf. This works out to approximately $13xx psf for the smallest units.
I believe this will development to appeal to upgraders living around that area and very likely first timers who have been holding back.
Next, we have the much awaited launch of Urban Vista in D16. I have been paying special attention to this particular development since the land parcel was sold to Fragrance Group and World Class Land.
This development is situated literally at the door step of Tanah Merah MRT station and is directly at the opposite end of the recently TOPed Optima. This is a 99 yrs leasehold development and will consist of 585 units including 3 retail shops.
The unit mix ranges from 1 - 4 bedroom units of Soho, suites and normal condo units. However, it also has 4 bedroom dual key units.
Prices are estimated to be starting from $6xxk onwards and sizes of the units from 430 sqf. This works out to approximately $15xx psf for the smallest units.
What is interesting about this project is its location. It is situated right smack in a private enclave consisting of only private residential condo and landed property. With an MRT station right by it plus another plot of land zoned commercial right beside it, the potential is enormous.
A further analysis revealed that FEO's eCO which is slightly further away was sold at a range of $11xx - $16xx psf successfully and almost all the units were sold out excluding the townhouses.
Also, KeppelLand also successfully won a recent tender of another plot of land opposite Tanah Merah MRT station at a whopping record price of approximately $792psf. This is about $116 psf more than the land which Fragrance Group and World Class Land won for 'Urban Vista'.
Furthermore, there are only 2 more plots of land available for sale opposite Tanah Merah MRT station.
Coupled by the fact that demand for rentals in that area and Simei is very high due to Changi Business Park and the 4th Uni later on, I think this development appears to have good potential.
Next, we have Bartley Ridge in D20. This is also a large development situated in Mount Vernon consisting of about 868 units and is a JV between Hong Leong Group and CDL.
This is a 99 yrs leasehold development and it is located right by Bartley MRT station.
The unit mix ranges from the usual 1 - 4 bedroom units and 4 bedroom dual key units.
Facilities appear to be extensive as this is expected for a development of this size.
I do not have any information regarding pricing at the time of writing.
I believe this development will appeal to a lot of people because of its location and proximity to good schools in the vicinity, shopping malls and city area.
Lastly, there is a cluster housing project called Charlton 27 which situated by the junction of Surin Avenue and Charlton Road. This development is made up of 27 inter and corner terrace houses and is freehold. Units contains 4-5 bedrooms with en-suite bathrooms and a private lift. They are spread over a basement with split levels and an attic level. Each unit will also come with 2 carpark lots.
Shared facilities include a steam room, gym, a 50m lap pool and jacuzzis.
Prices are estimated to be about $3.XXm onwards.
Location is pretty ok and is about 10 mins by bus to Heartland Mall and Kovan MRT station.
I await with anticipation of the prices during the VVIP launches of those above-mentioned mass market condominiums.
In the East and North-east, we have D'Nest in D17, Pasir Ris. This is one of the largest development in Pasir Ris area consisting of about 912 units and is a JV between CDL, Hong Realty and Hong Leong Holdings. The land size is estimated to be over a massive 41,000 sqm.
This is a 99 yrs leasehold development and it is located within 7-10 mins' walking distance to Pasir Ris MRT station.
The unit mix ranges from the usual 1 - 4 bedroom units. However, it also has 5 bedroom dual key units and even 5-6 bedroom dual key penthouse units.
Facilities appear to be extensive as this is expected for a development of this size.
Prices are estimated to be starting from $6xxk onwards and sizes of the units from 484 sqf. This works out to approximately $13xx psf for the smallest units.
I believe this will development to appeal to upgraders living around that area and very likely first timers who have been holding back.
Next, we have the much awaited launch of Urban Vista in D16. I have been paying special attention to this particular development since the land parcel was sold to Fragrance Group and World Class Land.
This development is situated literally at the door step of Tanah Merah MRT station and is directly at the opposite end of the recently TOPed Optima. This is a 99 yrs leasehold development and will consist of 585 units including 3 retail shops.
The unit mix ranges from 1 - 4 bedroom units of Soho, suites and normal condo units. However, it also has 4 bedroom dual key units.
Prices are estimated to be starting from $6xxk onwards and sizes of the units from 430 sqf. This works out to approximately $15xx psf for the smallest units.
What is interesting about this project is its location. It is situated right smack in a private enclave consisting of only private residential condo and landed property. With an MRT station right by it plus another plot of land zoned commercial right beside it, the potential is enormous.
A further analysis revealed that FEO's eCO which is slightly further away was sold at a range of $11xx - $16xx psf successfully and almost all the units were sold out excluding the townhouses.
Also, KeppelLand also successfully won a recent tender of another plot of land opposite Tanah Merah MRT station at a whopping record price of approximately $792psf. This is about $116 psf more than the land which Fragrance Group and World Class Land won for 'Urban Vista'.
Furthermore, there are only 2 more plots of land available for sale opposite Tanah Merah MRT station.
Coupled by the fact that demand for rentals in that area and Simei is very high due to Changi Business Park and the 4th Uni later on, I think this development appears to have good potential.
Next, we have Bartley Ridge in D20. This is also a large development situated in Mount Vernon consisting of about 868 units and is a JV between Hong Leong Group and CDL.
This is a 99 yrs leasehold development and it is located right by Bartley MRT station.
The unit mix ranges from the usual 1 - 4 bedroom units and 4 bedroom dual key units.
Facilities appear to be extensive as this is expected for a development of this size.
I do not have any information regarding pricing at the time of writing.
I believe this development will appeal to a lot of people because of its location and proximity to good schools in the vicinity, shopping malls and city area.
Lastly, there is a cluster housing project called Charlton 27 which situated by the junction of Surin Avenue and Charlton Road. This development is made up of 27 inter and corner terrace houses and is freehold. Units contains 4-5 bedrooms with en-suite bathrooms and a private lift. They are spread over a basement with split levels and an attic level. Each unit will also come with 2 carpark lots.
Shared facilities include a steam room, gym, a 50m lap pool and jacuzzis.
Prices are estimated to be about $3.XXm onwards.
Location is pretty ok and is about 10 mins by bus to Heartland Mall and Kovan MRT station.
I await with anticipation of the prices during the VVIP launches of those above-mentioned mass market condominiums.
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