View Full Version : RiverGate (43 x3 floors)
huaiwei May 29th, 2003, 10:28 PM Three towers near S'pore River will have over 600 units and may be launch-ready next year.
THREE 43-storey towers are set to rise near the Singapore River and their more than 600 de luxe apartments should be 'launch-ready' next year.
CapitaLand has received provisional planning approval from the Urban Redevelopment Authority (URA) to build the ultra-high-rise condominium project on the old TradeMart site in Martin Road.
The 320,000sq-ft freehold site was sold in 1999 for $480 million and earlier reports had said the new project there could have a total floor area 2.8 times the size of its site.
If it goes ahead as stated, the condo will be taller than the 30-storey Grand Copthorne Waterfront hotel across the river, and nearly as tall as Far East Organisation's upcoming 46-storey Icon project in Tanjong Pagar, which is 163m tall.
But any one-upmanship in the battle of the builders tops off at 280m, the absolute height limit set for Singapore. In a statement to the Singapore Exchange yesterday, CapitaLand said that it plans to build the condo with Hwa Hong Corp. No name was given for the proposed development.
When contacted yesterday, CapitaLand's spokesman would only add: 'We plan to make the project launch-ready by next year.'
Chesterton International associate director Nicholas Mak estimates that the project may sell for around $950 per sq ft on average, or some $950,000 for a 1,000sq-ft unit, that is, about the size of a four-room Housing Board flat.
Mr Mak thinks the project may be a sign of the rising popularity of riverfront living here.
Recent riverside projects include City Developments' The Pier at Robertson Quay, and MCL Land's Robertson 100 in Martin Road, next to the old TradeMart site.
mookiecece May 29th, 2003, 10:38 PM Three 43-story towers will be a great addition. Where is the old TradeMart site?
huaiwei May 29th, 2003, 10:47 PM If you look at this photo again:
http://matt.peterson.org/photo/rtw_2002/singapore/cityscape2.jpg
Scan the skyline from the RIGHT. You may notice a slightly taller whitish building with small forested hill in the background to its LEFT, and a black building to its RIGHT. This is the "30-storey Grand Copthorne Waterfront hotel", as mentioned in the article. From this perspective, the three towers should rise to the LEFT of it, but closer to the photographer. In fact if you are sharp enough, you can see the old trademart building there...its the one with the whitish upper floors and pinkish lower floors...a squarish old-looking building.
TYW May 30th, 2003, 07:18 AM errr.... no rendering yet??
Pablo May 30th, 2003, 08:10 AM 43 stories is not very tall, i think:D but hope 2 built in my city, penang because my city just have only have 3 40 stories buildings:bash:
TYW May 30th, 2003, 09:38 AM not tall in singapore but tall in Penang. the 3 40st. buildings asso not official, u only counted the floors, maybe 2 of them official:D
RafflesCity May 30th, 2003, 11:15 PM Renderings would be good. That area has a lot of luxury private apartments.
TropicalSQ744 December 6th, 2003, 03:54 AM But any one-upmanship in the battle of the builders tops off at 280m, the absolute height limit set for Singapore. In a statement to the Singapore Exchange yesterday, CapitaLand said that it plans to build the condo with Hwa Hong Corp. No name was given for the proposed development.
:guns1: :guns1: :guns1:
Did I understand the article wrongly or does it say that CapitaLand and Hwa Hong Corp are gonna build a 280m redidential tower??
glenj December 6th, 2003, 04:13 AM Originally posted by TropicalSQ744
:guns1: :guns1: :guns1:
Did I understand the article wrongly or does it say that CapitaLand and Hwa Hong Corp are gonna build a 280m redidential tower??
The article seems to be saying that the proposed project with the 3 43-storey blocks will be built by a CapitaLand-Hwa Hong JV, and that even if there was some 'competition' between the developers to upstage one another in terms of having the tallest condo in town, the limit still remains at 280m. Don't know why it mentioned this, because neither Icon nor this new development seems anywhere near to breaching this height.
Far East's Icon will be 46-storeys and 163m. While CapLand's is planned at 43-storeys, it may or may not be actually higher than Icon if it adopts a higher floor-to-floor height. :D
TropicalSQ744 December 6th, 2003, 04:32 AM Originally posted by glenj
The article seems to be saying that the proposed project with the 3 43-storey blocks will be built by a CapitaLand-Hwa Hong JV, and that even if there was some 'competition' between the developers to upstage one another in terms of having the tallest condo in town, the limit still remains at 280m. Don't know why it mentioned this, because neither Icon nor this new development seems anywhere near to breaching this height.
Far East's Icon will be 46-storeys and 163m. While CapLand's is planned at 43-storeys, it may or may not be actually higher than Icon if it adopts a higher floor-to-floor height. :D
Maybe the article is hinting that there may be a 280m residential tower in the works.. :D
Sure hope it's taller than The Icon! Afterall, CapitaLand is our biggest property developer. ;)
There's this thread in the news section about the new 45-storey tower in Dubai and the height is estimated to be over 200m! Who knows how tall this 46-storey tower gonna be. :)
TropicalSQ744 December 6th, 2003, 04:39 AM Oh, I just checked Skyscrapers.com 100 tallest residentials list (http://www.emporis.info/en/bu/sk/st/tp/rs/) and if we're gonna build a 280m one it will be the tallest in the world! :D
Of cos, that's not considering Q1 which is u/c in Gold Coast. :)
heirloom December 8th, 2003, 07:47 AM why have condominium projects, until recently, been limited to thirty sstories? how come no one builds higher? and why are developers still hovering around 160m? i dont think there's a lack of demand for such properties.. everyone would be flocking to get an apartment in a 280m condo i think..
huaiwei December 8th, 2003, 08:07 AM the fact is people dont always like living high. There was a ST survey recently when the Duxton project was being launched, and quite alot of people expressed reservations about living too high, the top most factor being fears of fire.
Anyway, there is a 245m residentual tower to be built at the New Downtown near to the two being built now. Not sure when it will be launched thou...
heirloom December 8th, 2003, 08:11 AM i asked my mom if that building was goin to be residential and according to her it's goin to be fully office... where did you read that its goin to be residential?
huaiwei December 8th, 2003, 08:29 AM Originally posted by heirloom
i asked my mom if that building was goin to be residential and according to her it's goin to be fully office... where did you read that its goin to be residential? Er.....are we talking about the same building?
RafflesCity April 24th, 2004, 08:29 AM Anyway, there is a 245m residentual tower to be built at the New Downtown near to the two being built now. Not sure when it will be launched thou...
we know now :D
anyway whats the latest on these two 43-storey thingies?! Usually the developer will run adverts for buyers before construction I think and with the recent demise of the Times House at Kim Seng Road I can see more vacant plots of land there waiting to be developed. That area is relatively highrise.
huaiwei July 31st, 2004, 04:34 PM Haha....I am still wondering what is happening to the Singapore River site thou.
redstone July 31st, 2004, 04:36 PM What's the name of it and where is it?
huaiwei July 31st, 2004, 04:46 PM What's the name of it and where is it?
No name. I think its supposed to be built over the present Trademart site?
RafflesCity October 8th, 2004, 01:39 PM if i remember correctly, the 43 storey one is on the trademart site is it? the trademart has not been pulled down.
where exactly is trademart?
redstone October 8th, 2004, 01:42 PM By S'pore River...Near Robertson Quay, I think...
RafflesCity December 4th, 2004, 02:30 AM A rendering scanned from Straits Times
http://www.skyscrapercity.com/photopost/data/503/103rivergate.jpg
redstone December 4th, 2004, 04:28 AM Looks like a highrise slum...
stingraytan December 4th, 2004, 04:53 AM :laugh: :laugh: sure looks that way from the rendition..
anymore particulars? residential i presume? freehold/leasehold? are show flats open yet?
Thanks in advance!
hyacinthus December 4th, 2004, 04:50 PM River Gate Website (However, not ready yet)
http://www.rivergate.com.sg/
RafflesCity December 5th, 2004, 12:21 PM Its freehold...
from the advert, Capitaland said that the site was a designated landmark site, so much for highrise slums! :lol:
Cliff December 6th, 2004, 03:00 AM Yellow walls?:(
babystan03 December 11th, 2004, 10:50 AM December 10, 2004
Riverside Renaissance
RiverGate will rise 43 storeys above the water on Martin Road site, as the first residential project to win approval under the URA's plan to encourage outstanding city architecture
By Janice Wong
THE sedate Singapore River may not immediately conjure up the romanticism of the French Riviera, but riverside living is set to become more popular.
Soon to soar from the river bank is RiverGate, the first residential project accorded the landmark status under the Urban Redevelopment Authority's (URA) landmark plan.
The plan is aimed at encouraging outstanding city architecture by waiving building restrictions that prohibit developers from building breathtaking structures, or landmarks.
CapitaLand, with joint venture partner Hwa Hong Corporation, will construct RiverGate on the former Trademart warehouse site at Martin Road.
Developments by the river are usually restricted to 10 floors and must have pitched roofs.
But RiverGate will be constructed to a majestic height of 43 storeys, dwarfing the 30-storey Grand Copthorne Waterfront hotel across the river, and nearly as tall as Far East Organization's upcoming 46-storey Icon project in Tanjong Pagar, which will rise to 163m.
But any altitude one-upmanship will hit the ceiling at 280m, the height limit for all buildings in Singapore.
The contemporary RiverGate also features staggered roof gardens and vistas that merge with the public promenade along the river.
But buyers eager to book an apartment will have to wait. The developers have yet to confirm the launch date or prices for about 600 units ranging from two-bedroomers to penthouses.
The 320,000 sq ft freehold site was sold in 1999 for $480 million.
Property consultancy Knight Frank's executive director, Mr Tay Kah Poh, told Streats that he estimates the project may sell for around $850 to $900 per sq ft on average, or some $850,000 for a 1,000 sq ft unit, about the size of a four-room Housing Board flat.
RiverGate will be neighbours with Robertson 100 by MCL Land.
Far East was one of the first developers to experiment with the concept of living next to the Singapore River when it launched its 509-unit River Place condo near Clemenceau Avenue in 1997.
Far East's next river project, the 99-year leasehold Soho@Central on top of Clarke Quay MRT station was launched in March this year and snapped up despite a price tag of $1,050 psf.
Another new small-office-home-office (Soho) venture by the river which saw brisk sales is City Developments' The Pier.
URA's Soho zones are city areas - such as Beach Road and Club Street - where people can set up offices in their homes.
A populous riverside will truly materialise only three or four years from now. The Pier's temporary occupation permit date is in May 2007, while Soho@Central and RiverGate will be ready only in 2008 and 2009 respectively.
Copyright © Singapore Press Holdings, 2004. All rights reserved.
hyacinthus January 27th, 2005, 03:04 PM 27 Jan 2005
CDL said the showflat will be opened in 1 or 2 months' time. However, you can now preview the showflat from the website http://www.rivergate.com.sg :colgate:
BTW, they said the entire TradeMart site will be replaced with RiverGate. :) So, no more pink building.
Some pictures taken today
TradeMart Entrance
http://img163.exs.cx/img163/6343/rivergate18ic.jpg
The Advert in front of TradeMart entrance
http://img167.exs.cx/img167/7592/rivergate21qg.jpg
The Showflat Entrance
http://img165.exs.cx/img165/2199/rivergate31nu.jpg
Not allowed in... so just these...
http://img189.exs.cx/img189/3661/rivergate42dn.jpg
http://img180.exs.cx/img180/5840/rivergate57ga.jpg
Close-up on the model from the entrance :D
http://img163.exs.cx/img163/8749/rivergate69eh.jpg
RafflesCity January 27th, 2005, 03:16 PM WOW! The model!!! :eek2:
I like I like..looks like those bioclimatic scrapers, looks a bit like Ansley.
These will be impressive but they still havent demolished the Trademart...
and anyway, what is the Trademart? a condo?
hyacinthus January 27th, 2005, 03:21 PM WOW! The model!!! :eek2:
I like I like..looks like those bioclimatic scrapers, looks a bit like Ansley.
These will be impressive but they still havent demolished the Trademart...
and anyway, what is the Trademart? a condo?
buy one for yourself? :D
Yes... Trademart is still there... Trademart is an office building and a factory behind... :)
RafflesCity January 27th, 2005, 03:27 PM buy one for yourself? :D
Yes... Trademart is still there... Trademart is an office building and a factory behind... :)
I wish :P
once Trademart is gone, the riverside transformation will be almost perfect :cool:
Pengui January 27th, 2005, 05:00 PM It's nice that they make it white and green as the Grand Copthorne... The pair will certainly look interesting ^^ Or as this one should be somewhat taller, it will make the Copthorne look small and tacky... Hmmm... We'll see ^^
I too like the design, as for now :-)
redstone January 27th, 2005, 05:57 PM WAH!!! :eek2:
Looks like Ansley and Duxton's Pinnaccle combined!!!
Pengui March 4th, 2005, 01:45 PM A bigger pic of the model:
http://ssc.singapenguin.net/05/050304_rivergate01.jpg
Honestly I'm not convinced. It looks rather classical, except it's unusually tall. The sky gardens are barely noticeable.
Here are some pics of the Trademart
http://ssc.singapenguin.net/05/050304_trademart01.jpg
(unloading bay with heavy-load lifts)
http://ssc.singapenguin.net/05/050304_trademart02.jpg
http://ssc.singapenguin.net/05/050304_trademart03.jpg
http://ssc.singapenguin.net/05/050304_trademart04.jpg
I certainly won't miss the bigger building, but the smaller newer one is also part of the site and looks quite modern with nice looking interior... I'm a bit surprised they're gonna tear it down.
RafflesCity March 4th, 2005, 02:26 PM Great update! :banana:
yeah the model looks huge, nothing too drastic but very green
redstone March 4th, 2005, 04:57 PM Looks kinda like Ansley.... :cool::banana:
Trademart is like a highrise warehouse-cum-office?
Pengui March 5th, 2005, 08:50 AM Yes, also has a few furniture stores.
Worlds of Earth March 7th, 2005, 06:20 AM It looks very organic, like a termite nest. Very variegated.
huaiwei April 1st, 2005, 12:59 PM Hmm....has construction started yet?
RafflesCity April 7th, 2005, 01:57 AM Well they should start soon if its to be occupied by 2009!
CapitaLand sells 80 riverfront apartments
7 Apr 05
Ferrell pays $146m for luxury units in upcoming Martin Rd development
By ALEXANDRA HO
SINGAPORE property giant CapitaLand yesterday announced the sale of 80 units of its upcoming RiverGate residential development to Ferrell Premier Real Estate Investment Fund for $146 million.
http://business-times.asia1.com.sg/mnt/media/image/launched/2005-04-07/rivergate-185021.jpg
RiverGate: An artist's impression of the development, which will have 545 units in three blocks of 43 storeys, from two-bedroomers to penthouses.
Ferrell Premier Real Estate Investment Fund is an international fund managed by Ferrell Asset Management.
'RiverGate offers tremendous investment potential. It is a well-located property that is positioned to serve the attractive surrounding areas. We expect the development to be popular with our clientele of high-net-worth individuals,' David Lee, managing director of Ferrell Asset Management Group, said.
Ferrell bought units consisting of a mix of three- and four-bedroom apartments, ranging from 1,700 to 2,100 sq ft. The transacted units form 50 per cent of a block of 160 units that was recently released for private viewing.
The RiverGate project is a 50:50 joint venture between CapitaLand and Hwa Hong Corp. The new luxury residential property will be built on the former Trademart Singapore site at Martin Road, in the Robertson Quay area. It is situated near hotels like the Grand Copthorne Waterfront Hotel and The Gallery Hotel.
RiverGate will be launched soon - CapitaLand said it could be as soon as the next few weeks. CapitaLand Residential Singapore's CEO, Patricia Chia, said the average price for the apartments will be about $1,080 psf.
The development has 545 units in three blocks of 43 storeys, from two bedroomers to penthouses. The entire RiverGate site sits on 323,653 sq ft of land.
The freehold residential development's site by the Singapore River has been earmarked as a landmark site by the Urban Redevelopment Authority.
That designation is for strategic and highly visible locations, such as along the Singapore River, where the authority could relax some urban design guidelines to encourage development of outstanding buildings.
CB Richard Ellis brokered the deal between the developers and Ferrell. The development is expected to obtain its Temporary Occupation Permit in 2009.
hyacinthus April 7th, 2005, 03:04 AM The existing Trademart buildings haven't been demolished yet right?
Edit: Trademart. Sorry.
redstone April 7th, 2005, 03:46 AM Oh... Haha..... :tongue3:
Trademart is a very big building.
I don't think the GFA changed for the condos?
hyacinthus April 7th, 2005, 03:47 AM Check URA masterplan lor.
Pengui April 10th, 2005, 02:21 PM The Trademart is still there but has now been entirely closed for business. It seems that some tenants are still moving things out. I've seen a few construction machines in there, but nothing much.
The mysterious building next to the Trademart is going up, but I've got the feeling it won't be very tall...
http://membres.lycos.fr/pengui/ssc/050410_watermark01.jpg
I'm wondering if it might be some building related to the Watermark, that would possibly host the showflat first, and that would explain why the marketing agents for Rivergate are not quite vocal about it ^^
asciano April 26th, 2005, 03:56 PM Visited the showflat today.
Like the Sail @ MArina Bay, they took great advantage of the river to enhance the experience.
Despite the height, there is a high likelihood several units will be obstructed by the surrounding high rise.
There are really nice huge balconies. all units appear to include the household shelter!
hyacinthus April 26th, 2005, 04:08 PM I went yesterday. The units were all very spacious. agree the balconies were huge.
A rough quote from the agent.
2-br: Avg $1.1million
3-br: Avg $1.8million
4-br: Avg $2.4million
TOP in 2009
jchua76 April 29th, 2005, 04:46 AM Went there last weekend. Indeed, they are all very spacious and layout is fantastic. My agent bragged about how the 3 bedroom apartment looked and felt like a "prince's mansion", haha.
All very nice, EXCEPT the window and glass sliding door frames: they were made of cast iron, not even aluminium, and are painted green! They looked really cheap and disgusting for a place like this. What were Capitaland thinking???
RafflesCity May 11th, 2005, 03:29 PM 11 May 2005
I think they are preparing to start demolishing the Trademart...I see the netting going up around it. You can also see that 'digger' on top of the roof.
http://tinypic.com/51szu1
Pengui May 11th, 2005, 06:52 PM Any idea of how they are going to tear it down ? It's quite a massive building... And rather tall.
shao_ye May 11th, 2005, 07:20 PM im sure they got their way, usualli its slowly from top to bottom, wall by wall they will knock it down... why muz they always demolish old buildings to make way for the new? this is sad... another old building disappearing...
RafflesCity May 11th, 2005, 11:59 PM in this case I certainly dont mind if they replaced this one
Pengui May 12th, 2005, 08:46 AM Actually I was hoping they would blow it down ^^
I guess the area is too dense and the building too big for that ^^
RafflesCity May 13th, 2005, 12:25 AM I think such methods must be very rare here (I havent heard or seen of any buildings demolished by explosives)
the gradual demolition is more common, and the noise can last for months!
Pengui July 10th, 2005, 05:54 AM 28th June
Photographs are two weeks old already, I've been too busy to upload and post, sorry !
Trademart demolition:
http://ssc.singapenguin.net/05/050628_rivergate01.jpg
http://ssc.singapenguin.net/05/050628_rivergate05.jpg
http://ssc.singapenguin.net/05/050628_rivergate04.jpg
The shorter building (offices ?) is almost gone already. The bigger one is still massive looking, but it has been shortened by one or two floors I think.
Rivergate gone nuts:
http://ssc.singapenguin.net/05/050628_rivergate02.jpg
Where is the showflat ?? o_O
Singapore's first residential landmark:
http://ssc.singapenguin.net/05/050628_rivergate03.jpg
Don't they know about the Sail ? ^^
hyacinthus July 10th, 2005, 05:57 AM :lol: Marketing people...
omg... Trademart is demolished already! :eek:
Pengui July 10th, 2005, 06:48 AM I forgot to post pics of this little guy just next door to Rivergate:
http://ssc.singapenguin.net/05/050628_martin_edge01.jpg
http://ssc.singapenguin.net/05/050628_martin_edge02.jpg
The land plot is really tiny ^^ Maybe something like 20x6 or 7m, no more ^^
Construction seems to be at ground level now.
RafflesCity July 10th, 2005, 01:42 PM Thanks for the updates Pengui!
never seen that rendering before...apart from its height..it doesnt seem to be as iconic as it claims to be.
but anyway better than that deadening old Trademart!
hyacinthus September 9th, 2005, 04:46 PM 9 Sep 2005
Which development is this? Rivergate? Martin Edge? :sleepy:
http://img175.imageshack.us/img175/9097/p10201846re.jpg
Pengui September 10th, 2005, 04:46 AM None of those two for sure. I've passed by the area one week ago.
Martin Edge is two storeys tall, and, well, Rivergate too, but going the other way ;-) I mean Trademart has only two storeys left now... And that's a huge relief for the local landscape lol.
My guess would be that this Robertson Blue.
I can't think of any other building in the area at such an advanced stage of construction.
Cliff September 10th, 2005, 04:54 AM I forgot to post pics of this little guy just next door to Rivergate:
http://membres.lycos.fr/pengui/ssc/050628_martin_edge01.jpg
I prefer this one alot more than River gate, its design is more stylish and reminds me of those high-end London apartments beside the River Thames.
Btw, River gate is really expensive!!(compared to sail)
hyacinthus September 10th, 2005, 10:26 AM None of those two for sure. I've passed by the area one week ago.
Martin Edge is two storeys tall, and, well, Rivergate too, but going the other way ;-) I mean Trademart has only two storeys left now... And that's a huge relief for the local landscape lol.
My guess would be that this Robertson Blue.
I can't think of any other building in the area at such an advanced stage of construction.
hmm... thanks. :)
hyacinthus September 10th, 2005, 10:27 AM ...
Btw, River gate is really expensive!!(compared to sail)
The difference between FH and LH + size ;)
redstone September 10th, 2005, 03:42 PM Martin Edge incorporates godowns?
Now, there's only a few untouched godowns left... :(
redstone September 10th, 2005, 03:47 PM 9 Sep 2005
Which development is this? Rivergate? Martin Edge? :sleepy:
http://img175.imageshack.us/img175/9097/p10201846re.jpg
Ooo.... I see now....
Godown walls ONLY again!!! :bash:
RafflesCity October 20th, 2005, 02:24 AM Global fund buys 20 more RiverGate units
20 Oct 05
With that, Ferrell has spent $182m on 100 units of condo project along Singapore River
By Joyce Teo
Property Correspondent
A FUND representing foreign investors has spent more than $182 million buying units of the RiverGate condominium project along Singapore River - one of the biggest amounts an international fund has splashed out on just one residential project here in recent years.
Ferrell Premier Real Estate Investment Fund recently bought 20 units of the development for $36.3 million, adding to the 80 it snapped up for $146 million in April.
The fund is managed by six-year-old Singapore-based Ferrell Asset Management, whose clients are high net-worth individuals and wealthy families who are mostly from Asia and Europe and who own listed firms. Its purchase in the 545-unit Robertson Quay project contributes to the growing pool of foreign funds flowing into Asian property, including Singapore.
The head of global research at property consultancy DTZ, Mr Joe Valente, said: 'A number of funds have doubled their asset allocation in Singapore. Singapore looks very attractive in terms of transparency and legislation, and is a good stepping stone for those looking into Asia.'
Ferrell Asset Management's managing director, Dr David Lee, said yesterday that the firm saw a lot of value in the Singapore property market, particularly in high-end homes.
He said one of the reasons for choosing RiverGate was that it had been accorded landmark status by the Urban Redevelopment Authority - the first residential project here to receive this. The status is accorded to a project in a strategic location, and buildings on the site must have a distinctive design.
Dr Lee also said his fund is buying the RiverGate units in the hope of higher prices.
Set up early this year, the premier investment fund - one of four Ferrell funds - focuses mainly on prime properties in Singapore and Malaysia. Capital gains is its main objective, with rental yields a secondary aim.
Its $182.3 million total investment in RiverGate is one of the largest by an international fund in a single local residential project in recent years.
The regional director and head of investments at property consultancy Jones Lang LaSalle, Mr Lui Seng Fatt, said: 'The deal highlights the focus given to residential projects by seasoned funds such as IP Property Fund Asia and insurance-linked fund AIG Global Real Estate.'
With the Ferrell deal, around 70 per cent of RiverGate's 370 released units have been sold, CapitaLand said.
Developed by CapitaLand and Hwa Hong Corp, the development's price has increased to $1,200 per sq ft on average, from about $1,080 psf when it was first offered in February.
The 20 units Ferrell bought are a mix of two- to four-bedroom apartments ranging from 1,033 sq ft to 1,798 sq ft.
Mr Valente said in a recent survey that most funds still like commercial buildings and are keen to buy more such developments in Asia in the next two years.
Indeed, Ferrell's first property purchase here was an office building - 78 Shenton Way - in August last year.
Mr Lui said funds like completed office buildings with good yields. But competition from other funds and real estate investment trusts was quite intense in the office market here as there was a limited supply of favourable projects. 'Most of the recent deals were done at around a yield of 5 per cent,' he said.
hyacinthus October 20th, 2005, 02:28 AM hmmm... are they going to convert those 100 units to service apartments?
RafflesCity October 20th, 2005, 02:32 AM dunno... are there projects that feature such a mix?
hyacinthus October 20th, 2005, 02:36 AM I believe so. Otherwise, what do the developers do with those unsold units other than renting them out? :?
RafflesCity October 20th, 2005, 02:43 AM true...anyway this must be good for CapitaLand :yes:
CapLand blazes private home trail, with $1b sales
17 Oct 05
By KALPANA RASHIWALA
(SINGAPORE) Property giant CapitaLand has sold over 750 private homes in Singapore since the start of the year, worth nearly $1 billion - topping sales of 468 homes totalling just under $400 million for the whole of last year.
And with last week's special preview of its 99-year leasehold RiverEdge condo at Tanjong Rhu priced at nearly $600 per square foot (psf) on average, the group hopes to seal another $50-60 million worth of residential unit sales in Singapore before the year ends, CapitaLand Residential Singapore CEO Patricia Chia told BT.
In the first nine months of this year, the group sold 730 homes (three times the figure for the same period last year) worth about $930 million in total - four times the same year-ago period.
Ms Chia attributes this year's strong sales to the group riding the wave of foreigners snapping up high-end homes with two upmarket launches - RiverGate along the Singapore River, and Tanglin Residences. These have been the group's top sellers so far, with sales of 240 and 35 units respectively.
And reflecting the trend of foreigners buying larger, higher-priced units, the average price of homes which CapitaLand has sold so far this year as at Oct 11 is $1.28 million, compared with $820,000 on average for last year's sales, says Ms Chia.
Next year, the group expects to release about 800 private homes, comprising two new projects (an 80-unit high-end, 36-storey condo on the former Melia at Scotts site, and a 350-unit condo in Katong on the former First Mansion and Meyer Tower sites), as well as remaining units in two existing projects - City Lights next to Lavender MRT Station and RiverGate condo along the Singapore River.
The group currently has a Singapore residential landbank of 1.5 million sq ft gross floor area - all freehold or 999-year leasehold - of which 80 per cent is in the high-end segment which is currently doing well.
Besides the Melia and Meyer sites, this landbank includes the prized ANA Hotel site at 1 Nassim Hill. The group plans to develop a four-storey condo named The Nassim on this site. It is not expected to be launched before 2007. 'It's the best address in the location, we have the best name. So I must surely only launch when the time is right,' says Ms Chia.
Other sites in CapitaLand's residential landbank includes a site at Tong Watt Road in the Mohamed Sultan area and a landed housing plot in Yio Chu Kang.
The group is also on the prowl for more housing sites on the island. But, it will only look at plots that offer scope for the group to develop projects with unique features that can be differentiated from the surrounding properties and which will allow CapitaLand to command premium prices, says Ms Chia.
Prior to the current uptick in the Singapore property market from foreign buying, CapitaLand had in the past few years found margins from residential property developments in Singapore relatively unattractive compared with overseas markets. The picture has started to change. Units at the 43-storey RiverGate are now fetching close to $1,200 psf on average, up from about $1,080 psf when CapitaLand and its joint-venture partner Hwa Hong first released the development in February. Apartments at the four-storey Tanglin Residences currently average $1,450 psf, higher than the initial $1,350 psf when CapitaLand first began marketing it earlier this year.
Foreigners account for 70 to 80 per cent of buyers in the group's upmarket projects over the past year or so. 'Since the revelation of plans for the makeover of Singapore into a global city - like at Marina Bay, Orchard Road and the two integrated resorts - there has been more interest from foreigners. From their perspective, compared to where they are, our real estate looks cheap relative to other regional markets,' says Ms Chia.
ZZOOzzoo November 1st, 2005, 02:43 PM I visited the showflat today. The balconies are huge!! Even the balconies in 2-room flats are big compared to the ones in other developments I've seen.
The location is very nice too. Alongside the river is a relatively calm promenade, not to mention so many good restaurants if you walk up the Robertson Quay. The first floor will supposedly have some retail areas as well.
Pengui December 25th, 2005, 08:18 AM I can't find the Robertson Blue thread anymore... I'm quite sure Hya started one, isn't it ?
So I'm posting here for now.
The building is almost finished ! It took less than one year !!! But I don't see what's the point as all the area around it is under construction ^ ^U
http://ssc.singapenguin.net/05/051224_robinson_blue01.jpg
http://ssc.singapenguin.net/05/051224_robinson_blue02.jpg
http://ssc.singapenguin.net/05/051224_robinson_blue03.jpg
http://ssc.singapenguin.net/05/051224_robinson_blue04.jpg
Detail of the penthouses' external staircase
http://ssc.singapenguin.net/05/051224_robinson_blue05.jpg
hyacinthus December 25th, 2005, 08:23 AM Thanks for the update.
I didn't start one. ;)
RafflesCity December 26th, 2005, 03:33 PM I like the look of it!
as well as the colour scheme for the warehouses
redstone December 26th, 2005, 07:50 PM Reincarnated godowns.... :D
Much better than I expected!!! :banana::cool:
Just wondering what's going to happen to the 3 or 2 old godowns beside it.
redstone December 26th, 2005, 07:52 PM Looking at it again, think the 'godowns' should had been deeper, and not have a wall thingy between the 'godowns' and the tower. :)
JoSin December 30th, 2005, 05:59 AM Isnt this the thread for Rivergate? How come it becomes this?
Pengui December 30th, 2005, 06:02 AM I explained it in my post if you read carefully :-)
Thought there was a post about Robertson Blue and couldn't find it ^ ^
JoSin December 30th, 2005, 08:25 AM Oh I see...so sorry..............
Pengui February 6th, 2006, 03:26 PM 6th February 2006
Now I have to say: this site is very very difficult to update ! It is very big, it has a very tall fence going all the way around it (most of the time it's even impossible to get close to the fence). There is no high up point around. Nearby serviced residence terrace is too low and blocked by trees. Not a single open air staircase around !!! I think the best place from which to take updates would be the Grand Copthorne swimming pool but I didn't dare to sneak in today ;-)
So I apologize for the following pics, they are the best I could do ;-)
http://ssc.singapenguin.net/06/060206_rivergate03.jpg
This is what you can see from the only opening in the fence. It doesn't tell much. The site is way too big to be properly viewed from there.
http://ssc.singapenguin.net/06/060206_rivergate01.jpg
http://ssc.singapenguin.net/06/060206_rivergate02.jpg
This is what I could do by bringing my camera as high as I could over the fence. Of course I couldn't see what I was shooting :-) I let in the horrible tilt, I think it gives a proper idea of how tall is the fence. Approximately 2,6m I reckon ;-)
http://ssc.singapenguin.net/06/060206_rivergate05.jpg
Now something weird about Rivergate, they don't seem to use the standard piling machines we get to see all over the place in Singapore. They use this kind of Pilesistem machines. They have a lot of those on site.
http://ssc.singapenguin.net/06/060206_rivergate04.jpg
It seems the pile (or a bit of it) comes in the middle of the machine like this.
No clue on why they use this sort of machine rather than the standard one.
There is also a new rendering that look quite awesome. Unfortunately it can only be seen on one of the workers facilities inside the site, not outside. Here is the best my lousy zoom could do.
http://ssc.singapenguin.net/06/060206_rivergate06.jpg
hyacinthus February 6th, 2006, 03:31 PM Thanks for the pictures! :)
The rendering above looks better than the earlier post of artist's impression. Looks like they are cylindrical... hmmm...
redstone February 6th, 2006, 03:34 PM So many condos rising next to each other!
RafflesCity February 6th, 2006, 03:38 PM Those renderings look way different!
Looking at your pics, I dont think it will start rising soon?
Pengui February 6th, 2006, 04:43 PM Difficult to say. Ground works have been quite short for nearby projects (namely Robertson Blue, Watergate and the Pier, Martin Edge didn't even have any serious underground works I suspect) so possibly the soil here is quite firm. This could be an explanation for the different kind of machinery. On another hand, this project is far bigger than all those I mentioned, so the piling will possibly be more complex.
RafflesCity February 7th, 2006, 02:52 PM maybe they are building underground carpark
By contrast, Citylights which has above-ground carpark has risen quite fast.
redstone February 7th, 2006, 03:44 PM Is it just me, or does the new towers renderings look shorter?
hyacinthus June 19th, 2006, 08:40 AM someone told me the prices are going up on monday. hmmm...
RafflesCity June 19th, 2006, 04:46 PM It hasnt risen above the hoarding yet, but I saw a lot of equipment going on at the site, as well as 2 cranes I think.
Pengui June 19th, 2006, 04:56 PM If the crane are there... It shouldn't be long before we see something popping out from behind the hoarding :-)
DKSG June 21st, 2006, 12:24 AM Pengui : Everytime I visit the showflat (about 3 times) ... they tell me prices going up the next week ... or the next next week ... but then ... did it really go up ? Answer is no ... the only reason why average prices go up is becoz they are selling higher floors unit ...
Those dont ... or maybe the media ... will report that prices have gone up in the the second phase/second release, etc ... but they also dunno thats becoz ... those are of different floors ... same thing for project like City Sq, etc ...
Again ... agents like to create a sense of urgency ... I believe when you visit the showflat that time ... the place is not fully packed with uncles and auntines rushing in and waving cheques right ? Only when u see something like that ... then maybe ... just maybe ... developer will up prices for real ...
hyacinthus June 24th, 2006, 03:57 PM 24 June 2006
http://i65.photobucket.com/albums/h204/hyapic01/DSC_1909.jpg
RafflesCity June 24th, 2006, 04:03 PM I think in future when they are built, they would be a commanding presence along River Valley Close.
hyacinthus June 24th, 2006, 04:07 PM true, it's got great views.
I hope the future management will make extra effort to maintain the building to prevent it looking like a highrise slum as shown in the sketchy rendering...
RafflesCity June 24th, 2006, 04:12 PM :lol:
hmmm it will probably be many years later...should it go down the path of being a highrise slum..:lol:
hyacinthus June 24th, 2006, 04:17 PM maybe, URA could have an annual contest for people to rate the buildings in Singapore over a period of one month. Then, we can have the top 100 "whatever" buildings... perhaps under different category. :p
Singapor3 July 8th, 2006, 11:15 AM What's the construction progress right now?
btw,what do they mean by
"But any altitude one-upmanship will hit the ceiling at 280m, the height limit for all buildings in Singapore."
RafflesCity July 8th, 2006, 05:00 PM Last time I saw tower cranes at the site, so it shouldnt be long before it starts to rise
That means, any attempt to beat the record in terms of building the tallest condominium can only go as far as 280m.
Singapor3 July 8th, 2006, 05:35 PM Last time I saw tower cranes at the site, so it shouldnt be long before it starts to rise
That means, any attempt to beat the record in terms of building the tallest condominium can only go as far as 280m.
I see,I see thanks..
RafflesCity August 15th, 2006, 04:54 PM Apartment at RiverGate condo sold for record price of S$1,700psf
14 Aug 06
http://www.channelnewsasia.com/imagegallery/store/phpIxRekI.jpg
SINGAPORE : A four-bedroom residential apartment along the Singapore River has been sold at S$1,700 per square foot - a record price for the area.
The apartment is part of the RiverGate condominium fronting the Singapore River, built by CapitaLand and Hwa Hong Corporation.
When completed, RiverGate will be a 43-storey landmark in the Singapore River area.
The first phase of the freehold development was launched in the middle of last year and the second phase at the end of the year.
Over 90 percent of the 370 units released in these two phases has been taken up.
Buyers include local and foreign homebuyers, high net-worth investors and private funds, with foreigners accounting for about two-thirds of the sales.
By Loh Kim Chin, Channel NewsAsia
redstone August 18th, 2006, 11:22 AM Is there something wrong with the rendering?:?
jacky lemon August 21st, 2006, 08:53 AM saw yet another add by CapitaLand on the newspaper last weekend (sat, 19 Aug) - another block in this development (i.e. RiverGate) is open for bookings (i'm guessing, maybe its phase III).
43-storey towers, sitting on a substantially large plot of land that is near the river.
the development is definately on the high-end scale. project have many plus points. those who bought should be very pleased knowing that unit(s) have been transacted at record prices recently as reported.
the development is rather large with 500+ units (i.e. anything > 250 units is considered large in my opinion). Similar to Park Infinia @ Wee-Nam. wouldn't such large developments (i.e. many units) make it less exclusive. less exclusive means not so prestigious. look at the likes of Admore Park, .... and of late St Regis, BLVD, etc. all are developments of a much smaller scale. just my 2 cents
RafflesCity August 24th, 2006, 02:33 AM Is there something wrong with the rendering?:?
The surroundings look greener in the rendering and without any buildings
Mr.ASAP September 1st, 2006, 03:57 PM RENDERING (signboard actually lol)
http://img71.imageshack.us/img71/2125/img6056gj2.jpg
1ST SEP 2006
http://img78.imageshack.us/img78/6162/img6054eu9.jpg
http://img78.imageshack.us/img78/3199/img6061vb9.jpg
RafflesCity September 4th, 2006, 03:00 AM finally it is out of the ground! :cool:
RafflesCity November 6th, 2006, 03:38 PM 5 November 2006
All 3 blocks are rising, and they look quite big
http://i77.photobucket.com/albums/j67/RCSSC/rvgate0511.jpg
http://i77.photobucket.com/albums/j67/RCSSC/rvgateb.jpg
Pengui November 6th, 2006, 03:53 PM 6 tower cranes there, and with the first floor finished, it will rise fast now ! :-)
RafflesCity November 10th, 2006, 05:47 AM Model seen at URA Gallery
http://img.photobucket.com/albums/v427/rotpics03/rvgatemodel.jpg
http://img.photobucket.com/albums/v427/rotpics03/rvgatemodel2.jpg
babystan03 November 10th, 2006, 05:49 AM Looks impressive......robertson quay area will be transformed within 3 years.....:yes:
redstone November 10th, 2006, 10:18 AM Impressive models!
Pengui November 11th, 2006, 05:17 AM Monsters ! ^ ^
builder1010 November 11th, 2006, 06:22 AM Any1 agreed with the developer that it is
"Singapore First Residential Landmark"?
i dun really think so.
I think the accolade should go to the Pinnacle!@Duxton
RafflesCity November 11th, 2006, 06:24 AM I dont see why it should hold the dubious claim of being the "1st residential landmark"....its tall for its area and has generous doses of skyrise-greenery provision but that doesnt seem that unique...but I still think it will be breathtaking when complete ;)
For me, its either Pinnacle or Sail.
Pengui November 13th, 2006, 01:42 PM I dont see why it should hold the dubious claim of being the "1st residential landmark"....its tall for its area and has generous doses of skyrise-greenery provision but that doesnt seem that unique...but I still think it will be breathtaking when complete ;)
For me, its either Pinnacle or Sail.
How about Landmark Tower, then ? :lol: :nuts:
RafflesCity November 14th, 2006, 02:39 AM How about Landmark Tower, then ? :lol: :nuts:
Nah...I prefer Pearl Bank Apartments ;-)
reneewy November 14th, 2006, 04:13 AM i'm quite blur with this area.. but saw this develoment called robertson blue. liked it alot, is that close to rivergate??
LittlePig November 14th, 2006, 04:26 AM @reneewy, yes it is... and also close to Robertson100 and WaterMark...
reneewy November 14th, 2006, 06:04 AM Thanks LittlePig!! though I still dunno where where it is haha
jacky lemon November 14th, 2006, 06:20 AM I dont see why it should hold the dubious claim of being the "1st residential landmark"....its tall for its area and has generous doses of skyrise-greenery provision but that doesnt seem that unique...but I still think it will be breathtaking when complete ;)
For me, its either Pinnacle or Sail.
The Sail@Marina definately. This iconic project, when completed will change the skyline of S'pore surely. Definately the title of "1st residential landmark" should be bestowed to The Sail@Marina.
Remembering PM Lee National Day Rally speach when he showed the future S'pore skyline (in about 3-4 years time) .... Together with the new financial downtown, The Sands casino, marina barage, gardens by the park, singpore eye ..... the entire place will be jaw dropping.
Just my 2-cents.
LittlePig November 14th, 2006, 06:45 AM @reneewy… no worries, not many people know RobertsonQuay/Kim Seng area, the end of Singapore River close to Great World City. There are a few hotels around the area… GalleryHotel, RiverViewHotel and GrandCopthroneWaterfront. It’s a little hideaway where residents enjoy, with a relatively smaller crowd compared to the BoatQuay/ClarkQuay part of the Singapore River. A cosy place with lots of nice restaurants/cafes minus the crowd… at least until Inspira, Tribeca, Cosmopolitian, RiverGate, WaterGate and Lippo’s projects are up.
@jackylemon… yes, TheSail is iconic… another residential icon… Icon… at Tanjong Pagar :)
RafflesCity November 14th, 2006, 08:42 AM The riverside promenade is now quite pleasant. In future, the stretch of river/canal beyond Great World City will be further enhanced. Right now it is a very basic-looking park-connector.
Pengui November 14th, 2006, 04:54 PM i'm quite blur with this area.. but saw this develoment called robertson blue. liked it alot, is that close to rivergate??
Here's the uncompleted building about one year ago:
http://ssc.singapenguin.net/05/051224_robertson_blue01.jpg
(Gallery Hotel in the background)
http://ssc.singapenguin.net/05/051224_robertson_blue05.jpg
(behind it from this angle would be Rivergate).
Hope it helps you situating it ;-)
redstone November 15th, 2006, 10:06 AM Woahwoah... are the abandoned warehouses undergoing renovation too?
LittlePig November 15th, 2006, 10:13 AM I think the old godowns are part of HPL’s RobertsonBlue project. Right now, they’re being used as shelter/accommodation for workers of WaterMark.
redstone November 15th, 2006, 03:42 PM I want to take photos there
nolimit December 25th, 2006, 06:04 PM Photo taken on 25 Dec 06, construction reached 9th floor.
http://img147.imageshack.us/img147/5126/img0483bc6.th.jpg (http://img147.imageshack.us/my.php?image=img0483bc6.jpg)
LittlePig December 26th, 2006, 12:57 PM http://img19.imageshack.us/img19/2960/23122006050aat0.jpg
nearby shot of RobertsonBlue:
http://img409.imageshack.us/img409/4049/23122006048of5.jpg
RafflesCity January 23rd, 2007, 02:01 PM 21 January 2007
http://i77.photobucket.com/albums/j67/RCSSC/rivergate2101.jpg
Singapor3 January 23rd, 2007, 02:18 PM Going fast =0
Maverick713 March 13th, 2007, 10:13 AM Taken on 13th March from Grand Copthorne Hotel ...
http://img92.imageshack.us/img92/271/cimg2419fm5.jpg
http://img90.imageshack.us/img90/3120/cimg2418zi8.jpg
Pengui March 13th, 2007, 02:12 PM Nice update. It's less than 1/3 it's final height :-)
Maverick713 March 13th, 2007, 02:34 PM Nice update. It's less than 1/3 it's final height :-)
It would have been nicer if I can capture a touristy bumboat river taxi in the waters next to Rivergate. However, as I was in the middle of my buffet at the hotel's Brio Cafe, my stomach's calling came first and I took some quick pics before the next river taxi pass by.... maybe next time I would wait. :lol:
RafflesCity March 13th, 2007, 02:43 PM Looks like you escaped the heavy showers in the later part of this afternoon
Maverick713 March 14th, 2007, 03:05 AM Looks like you escaped the heavy showers in the later part of this afternoon
I left the Havelock area early afternoon before the showers. However, I was caught in the heavy showers later in the afternoon while driving. The volume of the rainfall was amazing. Visibility was down to 20m or less on the highways.
jacky lemon March 14th, 2007, 05:21 AM Very nice pictures even without the bum-boats. I didn’t realize that our famous longkang (Singapore river) looks so nice at that section.
RafflesCity May 7th, 2007, 02:59 PM 5 May 2007
http://i77.photobucket.com/albums/j67/RCSSC/rgate0505.jpg
Singapor3 May 7th, 2007, 03:47 PM Wah rising very fast sia!! Nice jagged pattern on the facade...
arthur May 7th, 2007, 06:54 PM fully sold except 3 penthouses:)
RafflesCity June 14th, 2007, 02:41 PM 10 June 2007
http://i77.photobucket.com/albums/j67/RCSSC/rvgate1006.jpg
Singapor3 June 14th, 2007, 02:46 PM Whoa, very fast indeed!!!
RafflesCity June 14th, 2007, 02:51 PM Its gonna be monstrous, there isnt anything as massive or as tall in its vicinity yet
hyacinthus June 17th, 2007, 09:22 AM 17 June 2007
The one under construction in blue netting
http://i65.photobucket.com/albums/h204/hyapic01/A_DSC_7036.jpg
Singapor3 June 17th, 2007, 09:27 AM Rising very fast, will be 43 storeys in no time..
Hmm when did construction start huh?
redstone June 17th, 2007, 11:06 AM Wow! That's fast
landlubber June 17th, 2007, 06:45 PM The whole area is getting pretty dense, it's starting to look like Hong Kong!
Can't wait to see what Lippo is going to do with Kim Seng Plaza (the old building behind the red and white crane in the middle of the picture). A good mixed-use development will benefit the whole area.
Those who own the HDB flats on the left are sitting on a goldmine....:dance:
Singapor3 June 18th, 2007, 04:22 AM Agreed, many tall and dense buildings around that area..
hyacinthus August 5th, 2007, 09:44 AM 5 Aug 2007
http://i65.photobucket.com/albums/h204/hyapic01/DSCF2123.jpg
RafflesCity August 6th, 2007, 02:53 PM nice pic, it sure is looking dominant :)
Singapor3 August 6th, 2007, 03:50 PM Whoa it's rising very very quickly, can't wait to see how its facade looks like..
Sharkie August 6th, 2007, 05:23 PM hi hya,
great pic. where's the pic taken from?
cheers
sharkie
redstone August 8th, 2007, 06:09 PM River Valley looks so dense, and yet so green and open!
landlubber August 9th, 2007, 03:19 AM River Valley looks so dense, and yet so green and open!
It's going to get denser.. wait till trillium comes up, kim seng plaza gets redeveloped, the old river valley primary school gets rebuilt, yong an park gets en bloc-ed..... good thing the govt imposed a height restriction on the riverfront developments!
SSPIY August 9th, 2007, 06:35 AM The whole area is getting pretty dense, it's starting to look like Hong Kong!
Can't wait to see what Lippo is going to do with Kim Seng Plaza (the old building behind the red and white crane in the middle of the picture). A good mixed-use development will benefit the whole area.
Those who own the HDB flats on the left are sitting on a goldmine....:dance:
Those HDB flats are under HDB's selective enbloc redevelopment scheme. If i remember correctly, owners will have vacate their homes in 2011.
What do these owners get for giving up their homes?
wees8 August 9th, 2007, 09:02 AM Those HDB flats are under HDB's selective enbloc redevelopment scheme. If i remember correctly, owners will have vacate their homes in 2011.
What do these owners get for giving up their homes?
Owners get compensated for their flats based on market value.
Owners get to buy new flats in a nearby location with a discount from HDB. I think the discount is about $30K.
SSPIY August 11th, 2007, 08:23 PM Owners get compensated for their flats based on market value.
Owners get to buy new flats in a nearby location with a discount from HDB. I think the discount is about $30K.
Thanks Wee.
$30k per apartment = 10% of property price?
I wonder if the government will increase the subsidy now that prices of HDBs in that area have skyrocketed to twice as much.
Excelsvr August 16th, 2007, 04:23 AM err. rivergate is nice! any artists impressions? the one in the brochure is only a sketch!
hyacinthus September 3rd, 2007, 02:12 PM 3 Sep 2007
http://i179.photobucket.com/albums/w304/hyapic02/04-12.jpg
Excelsvr September 3rd, 2007, 02:13 PM Is that watermark? :omg:
cheers
excelsvr
Excelsvr September 3rd, 2007, 02:15 PM RiverGate owners, sub-sale your unit(s) and you'll be a millionaire in no time...I envy you.
cheers
excelsvr
RafflesCity September 3rd, 2007, 03:16 PM Is that watermark? :omg:
cheers
excelsvr
yup....it looks really different from rendering.
Excelsvr September 4th, 2007, 06:36 AM Still, it's better than having some old, rotting shophouses there. I still think they should have restored it ;-)
cheers
excelsvr
arthur September 5th, 2007, 04:34 AM 3 Sep 2007
http://i179.photobucket.com/albums/w304/hyapic02/04-12.jpg
nice pic! think watermark can top by end of the year.:lol:
Excelsvr September 5th, 2007, 05:43 AM Watermark looks very different from the renderings.
cheers
excelsvr
RafflesCity September 8th, 2007, 03:42 PM 8 September 2007
http://i77.photobucket.com/albums/j67/RCSSC/rivergate0809.jpg
Excelsvr September 8th, 2007, 04:08 PM Fast progress:D
cheers
excelsvr
RafflesCity September 8th, 2007, 04:09 PM Yup its overtaking the Grand Copthorne. QUite visible now from more areas :)
Excelsvr September 8th, 2007, 04:13 PM Grand Corpthorne is 30-storeys right?
cheers
excelsvr
tyche September 24th, 2007, 10:08 AM http://i182.photobucket.com/albums/x265/tyche007/CIMG0680.jpg
Photo taken last week...
Excelsvr September 24th, 2007, 01:55 PM They are now building the 35th floor! :banana: I like the fact that the units are large and 75% of the estate is rotted in lush greenery. Wanted to buy but asking prices at that time was too high for me.
Maverick713 September 24th, 2007, 02:33 PM They are now building the 35th floor! :banana: I like the fact that the units are large and 75% of the estate is rotted in lush greenery.
Rotted? I think Rivergate owners are going to come after you for telling them their estate is rotted. :lol:
Excelsvr September 25th, 2007, 07:52 AM Sorry, not rotted, but rooted.
RafflesCity January 26th, 2008, 03:22 PM 25 Jan 2008
http://i77.photobucket.com/albums/j67/RCSSC/rvgate2501.jpg
Pengui January 26th, 2008, 05:40 PM I counted 36 floors on the tallest block, and I may be missing 4 or 5 hidden behind the Miramar... It's getting there :-)
I see the Watermark is almost done too!
Pengui February 9th, 2008, 06:50 PM More pics!
8th February
http://ssc.singapenguin.net/08/080208_rivergate01.jpg
http://ssc.singapenguin.net/08/080208_rivergate02.jpg
http://ssc.singapenguin.net/08/080208_rivergate05.jpg
Topping out soon!
Excelsvr February 11th, 2008, 02:10 PM Whats with the ledges at the windows in the second picture? They trying to inpersonate Newton Suites, with its sky gardens at the lift lobbies?
arthur February 12th, 2008, 10:26 AM Whats with the ledges at the windows in the second picture? They trying to inpersonate Newton Suites, with its sky gardens at the lift lobbies?is sky garden.
I think you use a strong word inpersonate. sky garden quite common.
Excelsvr February 13th, 2008, 07:40 AM is sky garden.
I think you use a strong word inpersonate. sky garden quite common.
Okay then, I apologise if my comment has made anyone here unhappy. I just thought it looked like Newton Suites with its giant protruding sky garden.
Sorry.
Price Observer June 20th, 2008, 08:34 AM I think what is impressive with the sky gardens is that they have it at several floors on all the blocks and basically covers all the facings North, South East and West. I also heard that in the premium block which that ferrell fund bought half the units, there is a huge garden on the 23rd floor.
RafflesCity July 13th, 2008, 08:21 AM 12 July 2008
http://i77.photobucket.com/albums/j67/RCSSC/rvgate1207.jpg
jt88 September 11th, 2008, 03:24 AM 10/9/2008
http://img136.imageshack.us/img136/9506/wgimg0064yq7.jpg
kenronz March 16th, 2009, 03:47 AM hi all.. its pretty quiet for tis thread, now tat some owners collected keys, not much discussion here....
arthur March 17th, 2009, 12:03 AM saw the units, ok in my humble opinion... big big ground...
RafflesCity, can move this thread to the completed project section. Thanks a million!
Price Observer March 25th, 2009, 08:49 AM maybe its still early days yet. heard that only 100+ units had collected keys. I saw the project and quite liked it as well. Big ground, big units, big rooms. Everything seems decent luxury sized.
proper-T March 30th, 2009, 09:57 AM Was there during the weekend. Was like madhouse. The agents were so harrassed. One of them even told me how stunned he was by response. Big balcony and living but master and guest rooms could have been bigger. Facilities are nice but the lifts are excruciatingly slow though. Huge jam at lobbies. Don't think the four lifts can handle the load of so many units per block. Average price around $1.2 to 1.3Kpsf
citylander March 31st, 2009, 11:31 PM any internal pictures to share?
LittlePig April 1st, 2009, 03:22 AM no internal shots, only outside shots unless someone willing to bring me in... :)
i like RiverGate because from the pedestrian walkway along the river to the units is very far so alot of privacy, even if you're on the 2nd floor... plus the beauty along the Singapore River is always so alluring and charming...
http://img22.imageshack.us/img22/8826/280320091302.jpg
http://img22.imageshack.us/img22/2227/280320091303.jpg
http://img22.imageshack.us/img22/3156/280320091304.jpg
http://img22.imageshack.us/img22/349/280320091305.jpg
LittlePig April 1st, 2009, 03:27 AM more pics...
http://img22.imageshack.us/img22/1339/280320091307.jpg
http://img22.imageshack.us/img22/2104/280320091308.jpg
http://img22.imageshack.us/img22/7431/280320091310.jpg
http://img22.imageshack.us/img22/5149/280320091311.jpg
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AK47 April 1st, 2009, 06:23 AM Very spaceous, with a serene feel. Thats what a home should be. At 1200psf and possibly lower is enticing. Too bad no money else sure buy :nuts:
citylander April 1st, 2009, 02:48 PM really look nice and impressive
LittlePig April 2nd, 2009, 09:32 AM thanks to a very kind forumer, i was able to take some inside shots. enjoy...
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LittlePig April 2nd, 2009, 09:46 AM more...
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LittlePig April 2nd, 2009, 09:48 AM some more...
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LittlePig April 2nd, 2009, 09:51 AM last batch...
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AK47 April 2nd, 2009, 11:30 AM Niceeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee..............!!!
cnud April 2nd, 2009, 11:50 AM I am IMPRESSED!
arthur April 2nd, 2009, 02:24 PM 315sqm....
in-house agent can lose weight :lol:
LittlePig April 2nd, 2009, 02:50 PM thanks arthur!!
wouldn't be possible to show all these pics without you!
RafflesCity April 2nd, 2009, 02:54 PM Great pics there! The grounds look very generous and relaxing.
vinl April 2nd, 2009, 03:01 PM went to view a few times.. very nice except maybe can do with some parasols over the deck chairs
LittlePig April 2nd, 2009, 03:10 PM Thanks boss! My phone camera + my skills didn't do the place any justice... must go to the actual site to take it all in... :)
RafflesCity April 2nd, 2009, 03:13 PM Thanks boss! My phone camera + my skills didn't do the place any justice... must go to the actual site to take it all in... :)
It's the exclusivity and new views that matter, and the thread is the richer for it :okay:
AK47 April 3rd, 2009, 04:45 AM Space itself is luxury. More so than nice gym, tennis court etc
Especially so for a prime district project.
nav14 April 3rd, 2009, 04:49 AM Nice spacious grounds but the architecturial design of the condo (exterior) could be better. Quite average looking exterior for a condo of this price/location. The exterior does not give you that posh feel
august5 April 3rd, 2009, 05:12 AM Looks like a lot of stairs, is it elderly friendly?
Any pictures of the apartment interior?
LittlePig April 3rd, 2009, 06:08 AM according to Arthur, this is the biggest plot of land in District 9, and its freehold...
lots of stairs but you can use the lifts too...
to really see the design of the condo's exterior, you'll have to wait for the plants to grow, there are lots of sky gardens and structures for plants to climb...
sorry, no pics of apartment's interior cos the only unit I went to was swarming with people...
Baby April 3rd, 2009, 07:40 AM Big landscape and swimming pool...that's a big plus about this development. Beside Singapore river, although this part of Singapore river is already narrow like long gang though....:lol:
Looks very good....but got sell below $800psf ?
bigbird72 April 3rd, 2009, 08:01 AM Big landscape and swimming pool...that's a big plus about this development. Beside Singapore river, although this part of Singapore river is already narrow like long gang though....:lol:
Looks very good....but got sell below $800psf ?
let the investors fight with ferell asset mgt for tenants...ferell got 100 units at lower costs...see who folds first..
AKNG April 3rd, 2009, 10:15 AM The initial launch price was around S$1000 to S$1100 back in 2005. Not sure how much Ferrell got their units. Now the price is trending towards this level again, after recording over S$1700 in 2007. The latest txn px is now S$1150, according to URA website. Seems like a good deal to me if can get at S$1000 or below, considering the location, the development itself, and the fact that robertson quay area is pretty much done up liao. Any comments?
AK47 April 3rd, 2009, 02:08 PM Nice spacious grounds but the architecturial design of the condo (exterior) could be better. Quite average looking exterior for a condo of this price/location. The exterior does not give you that posh feel
The reason you felt that is the space is so huge it look like a public place.
The bulding itself is nice.
redstone April 3rd, 2009, 03:51 PM Looks very very different from the renderings
arthur April 3rd, 2009, 06:35 PM let the investors fight with ferell asset mgt for tenants...ferell got 100 units at lower costs...see who folds first..err... all i can say is your info is wrong....:) sorry for i can say too much...:cheers:
arthur April 3rd, 2009, 06:37 PM The initial launch price was around S$1000 to S$1100 back in 2005. Not sure how much Ferrell got their units. Now the price is trending towards this level again, after recording over S$1700 in 2007. The latest txn px is now S$1150, according to URA website. Seems like a good deal to me if can get at S$1000 or below, considering the location, the development itself, and the fact that robertson quay area is pretty much done up liao. Any comments?
went up to $2250psf in 2007
last done price today is $1400+psf:lol:
arthur April 3rd, 2009, 06:38 PM according to Arthur, this is the biggest plot of land in District 9, and its freehold...
lots of stairs but you can use the lifts too...
to really see the design of the condo's exterior, you'll have to wait for the plants to grow, there are lots of sky gardens and structures for plants to climb...
sorry, no pics of apartment's interior cos the only unit I went to was swarming with people...
orchard scott should be bigger but is 99yrs leasehold....
bigbird72 April 3rd, 2009, 11:35 PM err... all i can say is your info is wrong....:) sorry for i can say too much...:cheers:
no worries.
ferrell bot higher than launch? costs should be lower than resale ..
or ferrell rented out fully liao???
arthur April 4th, 2009, 03:15 AM no worries.
ferrell bot higher than launch? costs should be lower than resale ..
or ferrell rented out fully liao???err.. let take this offline and discuss privately, please check your private message. sorry for i really cant say too much in the forum due to my status as an agent. hope you understand....:cheers:
to me Rivergate is very unique, position itself next to singapore river, district 9, landmark status, freehold....
melodies April 4th, 2009, 03:29 PM Alamak, it looks so much like HDB flat externally. Is this the reason why you say it is "VERY UNIQUE"? People paid for >$2000psf for HDB layout and poor interior materials.
Was initially thought of buying one of this project but was then very disappointed with the project. worst still, you can have " longkang or waste" aroma therapy every day. :wallbash:
err.. let take this offline and discuss privately, please check your private message. sorry for i really cant say too much in the forum due to my status as an agent. hope you understand....:cheers:
to me Rivergate is very unique, position itself next to singapore river, district 9, landmark status, freehold....
bigbird72 April 4th, 2009, 03:48 PM it is a landmark site...views are protected by law.
melodies April 5th, 2009, 02:01 PM only a few floors > 35 are protected, majority are not!:ohno:
it is a landmark site...views are protected by law.
kenronz April 6th, 2009, 05:28 AM imo, bascially most of the units have its unique views :) but some units have better view when they are low-floor.. eg Stack 07 (pool n river view), 13, 14, etc... these few stacks have nicer view. in fact most tenants/buyers ask for low-floor to mid-floor for these few stacks. for high-floor, stack 05 is nice, view stretching frm Beach Rd to Financial Ctr (Capital Tower).
cnud April 6th, 2009, 05:55 AM Alamak, it looks so much like HDB flat externally. Is this the reason why you say it is "VERY UNIQUE"? People paid for >$2000psf for HDB layout and poor interior materials.
Was initially thought of buying one of this project but was then very disappointed with the project. worst still, you can have " longkang or waste" aroma therapy every day. :wallbash:
Come on, give the good folks at PUB some credit.. for THINKING out the plan to turn the longkangs to clean river.. Look at the completed project at Kolam Ayer. (sorry no picts) where longkangs have turned into a beautiful place. And that was a 'trial' project. If it works, there will be many similar projects.
With the desalination of Marina Reservoir, the vision of clean water will come to pass in the bigger catchment areas (from Kallang River to Bishan Park and probably beyond to Upper Pierce Reservoir).
http://www.pub.gov.sg/abcwaters
melodies April 6th, 2009, 02:11 PM Much as I like to give them some credits, but the fact is that Longkang smell is so horrible during raining day.
I wonder how long does it take to turn it into a clean river. 10 years? or 20 years? In the mean time, you can continue to have the Longkangs aroma therapy even if you are at level 43!.
Come on, give the good folks at PUB some credit.. for THINKING out the plan to turn the longkangs to clean river.. Look at the completed project at Kolam Ayer. (sorry no picts) where longkangs have turned into a beautiful place. And that was a 'trial' project. If it works, there will be many similar projects.
With the desalination of Marina Reservoir, the vision of clean water will come to pass in the bigger catchment areas (from Kallang River to Bishan Park and probably beyond to Upper Pierce Reservoir).
http://www.pub.gov.sg/abcwaters
cnud April 7th, 2009, 11:20 AM Yes, in 10 years, 20 years, 30 years, the price to pay for the beautiful river view would be more than double.
arthur April 7th, 2009, 12:43 PM Alamak, it looks so much like HDB flat externally. Is this the reason why you say it is "VERY UNIQUE"? People paid for >$2000psf for HDB layout and poor interior materials.
Was initially thought of buying one of this project but was then very disappointed with the project. worst still, you can have " longkang or waste" aroma therapy every day. :wallbash:
sorry to reply late.
my personal point of view for this project which i term this as unique
1) Big Freehold Land size, in my memory i cant think of any big land in district 09 beside this Rivergate.
2) Big landscape and next to river. Where can you find such a big ground for your kids to play, evening time take a walk beside the 'longkang' after meal. the 'longkang' lead you to Great World City or Clarke Quay.
3) the view from stack 05 is 'WOW!' the whole city skyline is like a painting!
You have your point for the layout, design and interior material. Yes, to pay over $2000psf is abit stretch. Next time we might be drinking water from this 'longkang'. If you want to avoid the aroma, look for unit that is facing the City like stack 03/04/05 unit.
melodies April 7th, 2009, 04:56 PM Agree that the view from very high level such as 38th in stack 05 is " wow" (only at high floor but not for all levels). I have gone to some high floor units in stack 03/04/05 etc.. but the aroma is still unavoidable....:nuts:
sorry to reply late.
my personal point of view for this project which i term this as unique
1) Big Freehold Land size, in my memory i cant think of any big land in district 09 beside this Rivergate.
2) Big landscape and next to river. Where can you find such a big ground for your kids to play, evening time take a walk beside the 'longkang' after meal. the 'longkang' lead you to Great World City or Clarke Quay.
3) the view from stack 05 is 'WOW!' the whole city skyline is like a painting!
You have your point for the layout, design and interior material. Yes, to pay over $2000psf is abit stretch. Next time we might be drinking water from this 'longkang'. If you want to avoid the aroma, look for unit that is facing the City like stack 03/04/05 unit.
yoongf April 7th, 2009, 05:17 PM Usually when the tide is low, the mud is exposed and hence the aroma. With the Marina Barrage in place now, the water level will be relatively constant, and less chance of any aroma.
With a constant water level, likely to see water activities extend the entire length of the river, which used to be hampered by low water levels up stream.
melodies April 7th, 2009, 05:37 PM The price tag is already>$1500psf, can't they provide high quality of appliances such as Miele and water taps such as axor etc. The buildings look like Seng Kang HDB. All in all. it is far from high end condo ................:ohno:
Price Observer April 10th, 2009, 01:09 PM I think capitaland sold most of the units at a price tag of 1000+ to 1100+psf during first launch so for that price, can't possibly provide high quality appliances considering they are doing quite a bit with the landscaping. I think the buildings will look quite nice when all the crawling plants are fully grown. The exterior does look rather bare at the moment. I guess its more of a mid-plus to high end but it was never meant to be a super luxury kind of condo.
The price tag is already>$1500psf, can't they provide high quality of appliances such as Miele and water taps such as axor etc. The buildings look like Seng Kang HDB. All in all. it is far from high end condo ................:ohno:
Kapteineb May 4th, 2009, 09:29 AM After having looked at many other projects we bought a unit at Rivergate and moved in recently. We are very impressed with the facilities, river and city views, lack of street noise, proximity to the river and shopping malls. We can walk to Great World City without crossing traffic and good restaurants are a few minutes downstream. One reason we bought was precisely because Singapore River is now a reservoir. Since the water level is unchanged there is no tidal odour from the river. We have been here for 6 weeks and have not noticed any smell. The quality of the interior finishing is very good, although we wish the kitchen was larger and dishwasher provided. There have been few deficiencies, which were promptly corrected by Capitaland.
Gardens and provision of recreational areas have received a lot of emphasis. There are 4 roof gardens with splendid views, in addition to 45 sky gardens on various levels along the buildings. Soon there will be small gardens on every balcony as planter boxes with water outlets and electricity (for irrigation) are provided. Racks for climber plants are also erected along the building and eventually hanging gardens will cover part of the towers. We love the concept.
We feel there are few properties offering better value at the moment, as there are still a few desperate sellers here. For example the nearby Cosmopolitan, with street noise and limited space, is selling for about the same psf. It is suggested that a serious buyer have a look and compare.
overlorden May 4th, 2009, 09:52 AM Agree Rivergate is done quite well...CapitaLand success story (esp compared to Scotts HighPark, which I saw the other day and cannot justify re-sale prices at all...). Personally I cannot stand to live in such a big project (ie. East Coast) and 545 units is too much for me. However, for those who don`t mind, this is one of the best...Will be v. good rental yield for those original buyers considering 2 BRs asking $5.0-5.5k...wonder how long that will last.
Unfort, not many v desperate sellers here. I guess it depends what price you consider desperate but not that cheap really...unless you can buy the block sale units...
BTW, I wonder if SBS factors in extra 1000+ people taking morning and evening buses along Havelock to CBD....going to be a crowded ride for many ppl.
After having looked at many other projects we bought a unit at Rivergate and moved in recently. We are very impressed with the facilities, river and city views, lack of street noise, proximity to the river and shopping malls. We can walk to Great World City without crossing traffic and good restaurants are a few minutes downstream. One reason we bought was precisely because Singapore River is now a reservoir. Since the water level is unchanged there is no tidal odour from the river. We have been here for 6 weeks and have not noticed any smell. The quality of the interior finishing is very good, although we wish the kitchen was larger and dishwasher provided. There have been few deficiencies, which were promptly corrected by Capitaland.
Gardens and provision of recreational areas have received a lot of emphasis. There are 4 roof gardens with splendid views, in addition to 45 sky gardens on various levels along the buildings. Soon there will be small gardens on every balcony as planter boxes with water outlets and electricity (for irrigation) are provided. Racks for climber plants are also erected along the building and eventually hanging gardens will cover part of the towers. We love the concept.
We feel there are few properties offering better value at the moment, as there are still a few desperate sellers here. For example the nearby Cosmopolitan, with street noise and limited space, is selling for about the same psf. It is suggested that a serious buyer have a look and compare.
melodies May 4th, 2009, 03:19 PM Anyone know why Rivergate is given "Apartment" status instead of "Condo" status?
arthur May 4th, 2009, 05:19 PM Anyone know why Rivergate is given "Apartment" status instead of "Condo" status?is condo status....
melodies May 4th, 2009, 05:52 PM This is strange, I saw "apartment" status is quoted in URA wedsite.........
is condo status....
SS88 May 4th, 2009, 06:25 PM What's the difference between apartment and condo status?
arthur May 5th, 2009, 02:10 PM What's the difference between apartment and condo status?
land size. after may 2005, there is no difference anymore at least to foreigner. They can but condo and apartment status.
landblip June 1st, 2009, 05:21 PM think the design of rivergate is nothing to shout about.... would personally pass this development for something more upscale like Cosmopolitan and Trillium.
overlorden June 2nd, 2009, 02:33 AM surprisingly, interiors of rivergate are nicer than cosmo and suites@central. haven't seen trillium so can't comment.
Price Observer June 5th, 2009, 09:07 AM Trillium won't be ready for quite awhile more. I agree with you. In fact, there are many expats who are so glad they tenanted at rivergate rather than cosmo.
surprisingly, interiors of rivergate are nicer than cosmo and suites@central. haven't seen trillium so can't comment.
bigbird72 June 5th, 2009, 09:22 AM friend rented out this Rivergate at $6k. I think his unit is abt 1300 sqf. Good price?
cnud June 5th, 2009, 11:16 AM friend rented out this Rivergate at $6k. I think his unit is abt 1300 sqf. Good price?
Works out to be about 4.6%.. quite good yield..
Minority June 28th, 2009, 10:41 AM Works out to be about 4.6%.. quite good yield..
Got a stupid question. How to calculate the yield anyway? Rent/Total House price? Do you have to factor in the maintenance and interest?
cnud June 29th, 2009, 03:23 AM Normal/simple way to calculate yield is (rental x 12)/purchase price.
stokeyloopy July 2nd, 2009, 10:09 AM Normal/simple way to calculate yield is (rental x 12)/purchase price.
what value shld it b considered healthy buy zone, cnud?
cnud July 2nd, 2009, 10:57 AM what value shld it b considered healthy buy zone, cnud?
This question very general. So generally speaking, if yield anything above 4% considered acceptable for private condo in prime location.
But yield highest for HDB.
melodies July 4th, 2009, 03:15 PM How high the required yield should be is quite subjective but I would look for 5% and above to be worth investing.
This question very general. So generally speaking, if yield anything above 4% considered acceptable for private condo in prime location.
But yield highest for HDB.
PrecisionDrive February 10th, 2010, 07:42 PM Resale done at $1,909 psf on 23rd December last year.
PrecisionDrive March 5th, 2010, 03:18 PM One unit in Rivergate transacted at $1,911 psf on 17th February this year.
PrecisionDrive April 13th, 2010, 05:06 PM A unit at Rivergate was transacted at $1,968 psf on 30th March this year.
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