Discovered this today. RiverEdge by Capitaland. It's not launched yet.
http://img175.imageshack.us/img175/1916/dsc88030yh.jpg

The showflat, however, seems ready for launch anytime soon.
http://img175.imageshack.us/img175/3993/dsc88071nm.jpg

What's very exciting is the view... :)

Its view is very similar to this.

http://img175.imageshack.us/img175/9571/pano1d5ag.jpg

Here's the location of the showflat. Lovely view isn't it. Full view of the greenery with city skyline (and fireworks during National Day period) as the backdrop... http://www.photographer.sg/forums/images/smilies/fly2.gif

http://img175.imageshack.us/img175/3899/riveredgeloc7bg.jpg

It looks big from the rendering!

I like the skygardens feature.

So the actual site will be in the foreground, across the road from the showflat?

That location would be quite attractive for the views and I think it would be a short walk to the future Boulevard MRT station.

Me too. Reminds me of a shorter version of Citylights. From the rendering, the location of RiverEdge seems to be at the field in front of BMW workshop. (The board states Kampong Kayu Rd/Kampong Arang Rd/Sampang Place)

Should be here => http://www.streetdirectory.com/genmapphp.cgi?x=33360.457105555&y=31450.632024074&iconlist=star1,33360.457105555,31450.632024074;&level=6&sizex=395&sizey=500

amazing, I can imagine that there is potential for a couple more private residential projects there. The Belvedere is also not too far away.

But, on the other hand it's sad for the current HDB residents at Blk 11. cos it will block the view.

amazing, I can imagine that there is potential for a couple more private residential projects there. The Belvedere is also not too far away.

For sure. The stadium station is just across the river. (One can cross a bridge) Also, Kampong Arang Rd leads to Singapore Swimming Club at Tanjung Rhu Rd.

It's quite an ulu place..... nothing around. Especially the site of the industries and factories, a huge empty field. Is rather... creepy... :runaway:

thats the beauty of it...to see old, derelict places transformed into vibrant and liveable communities. Anyway the geography of this location has tremendous potential.

The only problem is it will be under the flight path to Paya Lebar Airbase methinks.

There were factories by the river many years ago, right?

It's quite an ulu place..... nothing around. Especially the site of the industries and factories, a huge empty field. Is rather... creepy... :runaway:

You should visit the area first. It's not as ulu as you think.

huh so convenient for dhs studens

http://www.riveredge.com.sg

Showroom pics taken from the website above.

http://img100.imageshack.us/img100/8341/00pe.jpg

http://img100.imageshack.us/img100/3228/12yf.jpg

http://img100.imageshack.us/img100/1067/25ed.jpg

http://img100.imageshack.us/img100/3631/33qf.jpg

http://img100.imageshack.us/img100/1787/40ez.jpg

http://img100.imageshack.us/img100/8059/58ux.jpg

http://img100.imageshack.us/img100/237/60od.jpg

http://img100.imageshack.us/img100/1765/74qb.jpg

CapitaLand to launch Tanjung Rhu condo

3 Nov 05

Its 3rd residential project, RiverEdge, involves 77 units at $590 psf

PROPERTY giant CapitaLand is gearing up for its third residential launch this year.

http://business-times.asia1.com.sg/mnt/media/image/launched/2005-11-03/ahriver3-165647.jpg

On Saturday, it will publicly release 77 units at its 99-year leasehold RiverEdge condominium in Tanjong Rhu at an average price of $590 per square foot.

Two to four-bedroom apartments of between 980 and 1,841 square feet will be available for purchase, along with three penthouses of 3,100 to 3,208 sq ft.

CapitaLand said that the project is aimed at families and investors who want to be near good schools and the future integrated resort with casino at Marina Bay.

Some units were moved during a sales preview for invited guests last month, but CapitaLand declined to reveal figures.

The 135-unit project is led by CapitaLand, which has a 45 per cent stake. OKS Capital, a Singapore-based vehicle backed by Middle Eastern investment interests, has a 45 per cent share, and garment and textile company Ghim Li Holdings has 10 per cent.

The two previous CapitaLand residential launches this year were well-received - the 43-unit Tanglin Residences at St Martin's Drive proved popular with foreigners, who made up more than half of the buyers. The project is almost sold out - with all 33 apartments taken and six townhouses remaining.

RiverGate condo, a 545-unit project along the Singapore River, reported sales of 260 out of 370 units launched. A hundred units were bought by Ferrell Premier Real Estate Investment Fund. CapitaLand Residential Sin gapore CEO Patricia Chia said that RiverGate's final tower will be released for sale early next year.

Also coming up next year are at least three other projects.

One is the remaining units at 99-year-leasehold CityLights, where about 210 units are still to be put up for sale.

Another is a 350-unit freehold project at Meyer Road.

Ms Chia said recently that an 80-unit, 36-storey freehold condo on the former Melia Scotts site could be launched after the next Chinese New Year.


By ALEXANDRA HO

It has such a lovely view. $590psf for LH at that location is not expensive. :)

Prefer this project over the Citylights one.

Dear all,
This project will reopen its door this weekend. This time round, all units will be released. Units facing the kallang river still available. Good size and layout for this project. Need not need to squeeze with others during national day to view the fireworks instead of having the luxury of staying in ur unit to have the First Class view.

If u have any questions regarding this project or to get urself a unit there, do give me a call @ 94378613. Anyway, i'm the in-house marketing staff for this project.


Zac

5 Aug 2006

http://i65.photobucket.com/albums/h204/hyapic01/1.jpg

In future, RiverEdge residents will also enjoy fireworks at Marina Bay.

http://i65.photobucket.com/albums/h204/hyapic01/DSC_2670.jpg

http://i65.photobucket.com/albums/h204/hyapic01/0-1.jpg

Apparantly the price is going up tomorrow for this condo. What do you guys think, is it a good condo to buy based on location?

Just to update, base on today: i only have 3 2br, 1 4br and 3 br.... Keep u posted with the price.
Riveredge Sales Staff
94378613

Apparantly the price is going up tomorrow for this condo. What do you guys think, is it a good condo to buy based on location?

Apparantly the price is going up tomorrow for this condo. What do you guys think, is it a good condo to buy based on location?

been to the preview end 2005 but didn't like the location... i wonder how much the price has gone up since...

In future the location may get a boost with the completion of the nearby Circle Line MRT. There is also potential for the riverfront to be revamped...but that could mean more condos there that may block the view. It is also near the future Sports Hub.

In future the location may get a boost with the completion of the nearby Circle Line MRT. There is also potential for the riverfront to be revamped...but that could mean more condos there that may block the view. It is also near the future Sports Hub.

Still don't like the location leh... I've had better... :p

Times of madness.
Apparently 20 units sold over yesterday

But according to Bagus ... they have less than 20 units left wor ...

Then what they sell ? The Clubhouse ?

YFG ... ...

but its crazy, how can capitaland increase the prices by 11% straightaway, at $680psf you can get better units at Sanctury green in tangong rhu facing the sea, marina bay and the kallang basin. What is capitaland thinking?!

But according to Bagus ... they have less than 20 units left wor ...

Then what they sell ? The Clubhouse ?

YFG ... ...

i think he meant 20 got sold yesterday. i think there is over 60 left.

Haha !

Does this signal the begining of price increase in mass market ?

Straight 11% increase is significant ...

YFG ... ...

Just to update, base on today: i only have 3 2br, 1 4br and 3 br.... Keep u posted with the price.
Riveredge Sales Staff
94378613


Would like to get feedback from the salesperson, why is this development selling at a premium? I cant understand it, this development has very little facilities, one side faces HDB, the otherside faces the greens, which is open to further residential development. and from my understanding the maintence charge per month is over $450 for some units. Whats the plus points of this development?

but its crazy, how can capitaland increase the prices by 11% straightaway, at $680psf you can get better units at Sanctury green in tangong rhu facing the sea, marina bay and the kallang basin. What is capitaland thinking?!

Hi virtualsaturn,

How did you get the news that the prices were increased by 11% straightaway?

Hi virtualsaturn,

How did you get the news that the prices were increased by 11% straightaway?


ERA sales rep told me at the showroom, and plus called capitaland confirmed the price is average $680psf, i think if they do a little landscaping where the river is and get rid of those blue worker shelters opposite the river the place would be quite nice.

Some property experts interviewed recently on TV said that they expect mass market projects to raise by between 5% to 10% this year.

With this price increase, RiverEdge is contributing toward making the prediction coming true.

ERA sales rep told me at the showroom, and plus called capitaland confirmed the price is average $680psf, i think if they do a little landscaping where the river is and get rid of those blue worker shelters opposite the river the place would be quite nice.Wow! $680!

Maybe advertisements for subsales will appear for those units bought before the price increase, with the tagline "selling below developer's prices" (i.e. selling at below $680 psf)

Wow! $680!

So Arthur, you are in the real estate business, whats your view of the market? And your view of riveredge? Do you think the price will further go up?

From the URA website (which shows caveats up to one year ago), I found out that there were 11 caveats

Size, Price($), Date, psf ($)

980 630,900 Nov-06 644
1055 683,100 Nov-06 647
1658 974,700 Nov-06 588
1055 673,200 Nov-06 638
1055 685,800 Nov-06 650
1679 1,023,500 Oct-06 610
1679 1,044,900 Sep-06 622
1679 1,047,600 Jul-06 624
2034 1,179,000 Jun-06 580
3208 1,666,080 Apr-06 519
1679 1,032,300 Mar-06 615

Max psf price = $650
Min psf price = $519
Average of all 11 caveats = $612
Average of the 5 caveats in Nov-06 = $633

If we take the average psf price of of $612, then the new $680 psf works out to 11.11% increase in price.

A side note ... why is the number of caveats lodged only 11 for the past year?

I think it is still cheap for the following reasons.

(1) new projects at Meyer Rd (e.g. Meyer residences and Belvedere). Even those units without much of a view are now asking around $1,000-$1,100 psf for freehold. With leasehold generally priced about 20% below freehold, this would imply about $800+psf for equivalent leasehold.

(2) older existing leasehold projects in Tanjung Rhu. Older units without good views at Pebblebay are asking over $800psf. I understand that units with good views recently fetched about $1000psf.

(3) View@Meyer is already being marketed in HK at $1300-$1500. This is expected to cause the area to be re-rated upwards further (and which has already caused prices in Meyer Rd to move up by about 20% in the last 2 months alone, based on agents' feedback on very recently transacted properties and asking prices).

(4) It is about a 5 min walk to the future MRT station at Kallang and is a very quiet area, which is an advantage over Meyer Rd which is next to the ECP and has no MRT.

(5) Up to last week, prices had not been adjusted since over a year ago. Over the same period, prices in Meyer Rd and Tg Rhu have moved up 25-40%.

(6) New Paya Lebar/PIE access nearby being constructed, again increasing the accessibility and value of the area.

Given the above, on balance, I think Riveredge is still cheap now and would still be fair value at $800-900psf, particularly for those units directly facing the river. It is probably priced at a discount now because of its lower profile and nearby HDB flats (but think Kim Seng Rd), but I believe it has the potential to move up significantly when the area gets re-rated upwards.

Here is a satellite map (courtesy from Google Earth maps) of the RiverEdge project.

http://i144.photobucket.com/albums/r187/wees_photos/riveredgesatellite.jpg

From your satellite maps, it looks like there are some old roads inside the park in front of RiverEdge but yet I have never seen a road entrance into it.

If I am not wrong, a black panther was caught in that park many years back, after it went missing from Mandai zoo. That place is quite dark, deserted and eerie at night.

there is a road there, just between the river and the condo being built. You are right, its is quite dark in front i guess caus of the open land on te side of the condo. THey definately will im sure do something about that once moew housing is being built at that side of the area.

Not referring to the Sampan Road beside the condo, but rather the 3 additional roads right inside the park as seem from those satellite maps. Could these have been abandoned roads from those days when that place was a shipyard but are now sealed off? I don't remember being able to drive inside them when I pass by.

I wonder if Capitaland is intending to increase prices at its other projects.

I think it would be reasonable to assume it could if the project price had not been adjusted for over a year, and it is in the mid to upper tier market. Does anyone know if there are any others like that? Riveredge was probably the exception since its price had not been adjusted for over a year when nearby Meyer Rd and Tg Rhu had already moved up 25-40% in the same period.

What used to be on the site?

i think it might have been an industrial building

Does anyone know what sales of the remaining RiverEdge units were like after Friday?

What used to be on the site?
That road next to RiverEdge is called Sampan Place, because there was a sampan factory there. The area should have lots of shipyards and boatyards as seen from some old photos. Kampong Arang was also known as the "Charcoal Village":

See http://www.spi.com.sg/haunted/tanjong_rhu/

What used to be on the site?

I think it was a garment factory owned by textile company Ghim Li Holdings. Ghim Li Holdings has a 10% share in the RiverEdge project.

2007 is the year of the heartland condos
Prices of condos at suburban areas are expected to pick up pace, while outlook on luxury condos remains bullish.

By Janice Wong
Jan 23, 2007
AsiaOne

As Singapore’s top-tier condos get snapped up before they are even launched and prices reach record high, the next question is: “When will mass market condo prices move?” The answer is soon, but at a less dizzying pace, said property analysts.

Mass market condos, loosely defined as those below $800 psf, are situated outside the city.

Property consultancy Savills expects the growth areas to be West Coast Road up to Pandan Loop, Tanjong Rhu up to Marine Parade, Clementi Road up to King Albert Park and Thomson Road.

Savills’ director Ku Swee Yong, speaking at the Construction and Prospects 2007 Seminar this afternoon, said: “These areas are slightly undervalued at the moment, as they are not that far from the city and yet their price differentials against city condos are quite wide. So I think there is room for prices to go up by 8 per cent to 10 per cent this year.

This pretty much sums up my thoughts about Tg Rhu and RiverEdge at the moment. But then again, I don't think RiverEdge is exactly mass market and won't be surprised if the river facing units easily and very soon exceed $800 psf, which by Savills' loose definition is outside mass market. Anyone has similar or different views? Would be interested to hear the views of others.

I am guessing ... perhaps Falconeye has bought a unit at RiverEdge?

In response to your question, my family and I have property interests in various parts of Singapore, both in the central areas as well as in areas well outside those mentioned by Savills. We have very recently made a small investment in RiverEdge (representing under 5% of our total property portfolio value) because I think RiverEdge is very cheap and an undervalued gem and has tremendous potential to increase significantly in value. This is based on what RiverEdge is offering (very near city, ECP, upcoming Paya Lebar expressway, quiet unobstructed riverfront area, sports hub views, 5 mins walk to MRT, brand new, underpriced compared to other properties in the area which have increased significantly) - there are very few properties with those characteristics in today's market for that price range ($700+) that I'm aware of, so I can honestly say that my statements reflect my opinion 100%, and have also been backed up by my actions and investment money. Hope that satisfies your curiosity.

Hi Falconeye,

Thanks for sharing with us.

You reminds me of the guy featured in today's Straits Times who invests in properties.

So falconeye, what types of units did you invest in? Was it 3 bedrooms or 4 bedrooms, and i guess yours must be facing the river?

So falconeye, what types of units did you invest in? Was it 3 bedrooms or 4 bedrooms, and i guess yours must be facing the river?

Yes, it is a 4 bedroom. The 4 bedrooms are the only units directly facing the river - I had thought the developer's price differential with the other types of units should have been more, but they weren't more than 4-7%, with the higher priced units going for around $730psf compared with high $600+. (cf View@Meyer where lower floors were $950+ psf and high floors were $1,700+ psf).

This site is rather attractive for it's proximity to town and it's price.

But the remote risk of having the piece of green in front of it being released and developed is just a little scary.

i was at riveredge show flat today, they have released a 3bedroom 04-03 facing the river at $805psf, lets see if it sells to set the benchmark for that condo

You must be referring to unit 03 ? Yes, the view from that angle is nice (city view). Though quite a bit of west sun (but again, nothing's perfect, right?)

I believe the 1604 sqf units are the 04 units, which also have direct river views.

Currently there's only one unit left in stack 04 which is not released for sale, one and only 1733sf, 4 bedroom with open terrace.

Sailover, any idea why it hasn't been released and whether there any other units not released?

Sailover, any idea why it hasn't been released and whether there any other units not released?

I believe they want to use it as showflat, was told #07-04 is the last unit.

Nope. They are not gg to use it as showflat. They hold it back for some other reasons..... Future showflat would be #01-05

I believe they want to use it as showflat, was told #07-04 is the last unit.

todays classifieds had an advert for riveredge stack 04. Owner was desperate to sell at $700neg.

todays classifieds had an advert for riveredge stack 04. Owner was desperate to sell at $700neg.

Then I'll bet either it gets snapped up real quick or the owner will increase his/her price very soon. It's a deferred payment scheme only, so owners can take their time to sell.

Virtualsaturn, you still seriously thinking of getting a unit there?

As falconeye has written, the payment is on a deferred payment scheme and the owner does not have the pressure to sell. I wonder why this owner is desperate to sell.

It could be that the seller is speculating a bubble any time...even my gf who's not invested in any props, just told me she thinks that the market is too heated up...

The only significant news in the last few days is that the government has changed the planning parameter for population from 5.5 million to 6.5 million, and that the government is intending to have older HDB estates undergo a "total urban regeneration". It was also mentioned that new HDB blocks could have skyrise gardens.

There is also an ongoing feasibility study for a new 33-station Downtown line to link Marina Bay to estates in the north-west and east.

I wonder if the above news has spooked the owner.

I think that the plot ratios will be raised again in the next Masterplan in 2008 as one way to house a bigger population is to have taller buildings.

It's probably just the agent trying to get the buyer interested to close the sale, is my guess.

Erm... as with regard to this posting, spoken to the owner and he said that his mum qouted alternative prices to all the agents but the truth is that the owner is looking at higher price.... Btw, the size of the 4br qouted in the papers is wrong..... There's no 1610 sqft in the whole devlpment.....


todays classifieds had an advert for riveredge stack 04. Owner was desperate to sell at $700neg.

The only significant news in the last few days is that the government has changed the planning parameter for population from 5.5 million to 6.5 million, and that the government is intending to have older HDB estates undergo a "total urban regeneration". It was also mentioned that new HDB blocks could have skyrise gardens.

There is also an ongoing feasibility study for a new 33-station Downtown line to link Marina Bay to estates in the north-west and east.

I wonder if the above news has spooked the owner.

I think that the plot ratios will be raised again in the next Masterplan in 2008 as one way to house a bigger population is to have taller buildings.

I thought increasing the population to 6.5 million (which I think could be acheived within the next 15 yrs) could mean the property boom going on for some time (perhaps thje longest lasting property bull run - 10-15yrs with some minor dips along the way). Prime properties are unlikely to fall (barring unforeseen events)much in the next 10-15 yrs

The other interesting thing is that URA is looking into sprucing up Balestier, Little India, Holland Village, etc. Properties in Little India and Balestier which has suffered due to its image despite being strategically located might be able to do some catching up in prices.

Also, as you mentioned next Masterplan should include a significant increase in plot ratios. Older properties even in outlying areas may benefit. Looks like the en-bloc fever will spread even to outlying areas within the next few years. I will be looking out for which of these outlying porperties (with large land areas) will have their plot ratios increased next year.

Erm... the truth is that the owner is looking at higher price....

An agent just told me that a buyer is offering $769psf. So I'm highly skeptical anyone would genuinely sell unless it was above $750.

An agent just told me that a buyer is offering $769psf. So I'm highly skeptical anyone would genuinely sell unless it was above $750.

thats nonsense, the agent is still desperate to sell on behalf on client at $700 but no takers.

thats nonsense, the agent is still desperate to sell on behalf on client at $700 but no takers.

I don't doubt the agent is desperate to sell at any price, but the real question is what price the owner is willing to sell? Since Bagus appears to have direct contact with the owner, what he says would reflect the real views of the owner. Anyway, what exactly did your agent tell you? If you are still interested in buying, why don't you make an offer and find out if the agent is exaggerating? If you're not interested in buying, why does all this matter anyway and why get so worked up?

The URA website now reflects a RiverEdge unit transacted at $727 psf in Feb 07.

Interestingly, I also noted that the URA page for uncompleted residential units for sale classifies RiverEdge and View at Meyer as "Central Region" rather than East region. See http://spring.ura.gov.sg/LAD/ore/real_estate/proj_details_takeup_action.cfm

Sports hub bidding tomorrow should be interesting. A bidder claimed: "(There) will be nothing like it in the whole world. It was designed specifically for the region and specifically for Singapore - the climate, the environment, culture, population and the mindset," said Mark Collins, Singapore Sports Hub Consortium.

Bagus, how many units are left at RiverEdge?

Interestingly, I also noted that the URA page for uncompleted residential units for sale classifies RiverEdge and View at Meyer as "Central Region" rather than East region.
RiverEdge and the rest of Tanjong Rhu sits in the Kallang Planning Zone, and is part of Central Singapore. It should not be considered the East Region. I was suprised the BMW/Mini car showroom next to RiverEdge is called their "East Coast" branch, which I felt is inappropriate since it is not really in East Coast but in Kallang. :lol:

RiverEdge and the rest of Tanjong Rhu sits in the Kallang Planning Zone, and is part of Central Singapore. It should not be considered the East Region. I was suprised the BMW/Mini car showroom next to RiverEdge is called their "East Coast" branch, which I felt is inappropriate since it is not really in East Coast but in Kallang. :lol:

Then I guess that justifies higher asking prices :) . I saw an advert for a 1604 sqf 4br unit asking $810psf today.

Does Bagus or anyone else know how many units are left in this development? Just curious as to how this development is selling. Most developments appear to be in the limelight at launch and then fall under the radar line after that until closer to TOP. This is definitely one of those, except that it was launched before the market became hot.

Does Bagus or anyone else know how many units are left in this development? Just curious as to how this development is selling. Most developments appear to be in the limelight at launch and then fall under the radar line after that until closer to TOP. This is definitely one of those, except that it was launched before the market became hot.


There are about 27 units left, only 3 bedrooms.

If there were a new project to launch near RiverEdge, then attention would also be drawn to RiverEdge. Just like what the impending Trillium launch is doing to Cosmopolitan and Tribeca. Or the coming One Rochester launch would do to One North Residences.

Is there any new project to be launched near RiverEdge?

If there were a new project to launch near RiverEdge, then attention would also be drawn to RiverEdge. Just like what the impending Trillium launch is doing to Cosmopolitan and Tribeca. Or the coming One Rochester launch would do to One North Residences.

Is there any new project to be launched near RiverEdge?


Not that i know of, at the moment.

There are about 27 units left, only 3 bedrooms.

Total number of units = 135
Appoximate no of units sold = 108
Approximate percentage sold = 108/135 = 80%

Any more units sold since 18 Mar?

As at last night

only 17 units left....


Total number of units = 135
Appoximate no of units sold = 108
Approximate percentage sold = 108/135 = 80%

Any more units sold since 18 Mar?

As at last night

only 17 units left....

Mar 18 - about 27 units left
Mar 26 - 17 units left
=> about 10 units sold from Mar 18 to 26

Total number of units = 135
No of units sold = 135 - 17 = 118
% of units sold = 118/135 = 87.4%

Sampan Place??? Gee.... i dunno man..

Mar 18 - about 27 units left
Mar 26 - 17 units left
=> about 10 units sold from Mar 18 to 26

Total number of units = 135
No of units sold = 135 - 17 = 118
% of units sold = 118/135 = 87.4%

Looks like sales on this development are accelerating, at least for last week. Bagus, is there any particular reason for this (e.g. developer thinking of raising prices for last few units etc.) ?

Perhaps the impending launch of Capitaland's Seafront @ Meyer is creating some interest in RiverEdge?

Perhaps the impending launch of Capitaland's Seafront @ Meyer is creating some interest in RiverEdge?

Wees, I think you're probably right. It also happens to be the same developer. As what you said earlier, perhaps Seafront @ Meyer is the new project launching nearby that draws attention to RiverEdge.

hi falconeye,

If sales of RiverEdge units continue at this pace (about 10 units sold from Mar 18 to 26), RiverEdge should sell out within another 2 to 3 weeks.

Hope bagus or sailover could provide a weekly update here.

As at last night

only 17 units left....

Bagus, is the unit that is going for $805 psf still there?

Price up about 5%.

Bagus, is the unit that is going for $805 psf still there?

Price up about 5%.

Wow, another price increase. Must be because of the recent faster pace of sales. Any idea if Capitaland is intending to increase the price of its other launched but not yet sold out projects?

Price up about 5%.

Hi Bagus, price up for all remaining units or just the $805psf unit? What is the new price of the $805psf unit? Developer must have raised pieces in reaction to all the buzz surrounding the new stadium area and its new Meyer road condo. Any subsales yet that you are aware of? Thanks.

17 units left, a very good facing 4 bedder has just been released for sale!!!

I just received an email invitation from Keppel Land to the preview of Reflections @ Keppel Bay on 5 April 07 (Thursday) 10am.

The preview of Reflections @ Keppel Bay might also result in more interest in RiverEdge because both are 99-year leasehold projects, but the price difference is huge.

17 units left, a very good facing 4 bedder has just been released for sale!!!

Sailover, what is the price psf of the 4 bedder and the unit that Capitaland was previously selling for $805? Thanks.

Sailover, what is the price psf of the 4 bedder and the unit that Capitaland was previously selling for $805? Thanks.

$886psf. Which unit is the $805psf? I can check on that....

$886psf. Which unit is the $805psf? I can check on that....

04-03 was the $805psf unit. Which unit is $886psf? Sounds like more than 5% increase and more in line with the nearby increases. Thanks.

Thx Sailover for the infor, but i have to post the Correct details for the bloggers here. I do not want to be misrepresented.

Price increase by 5% wit immed effect from 28/3/07
Unit that was $805 psf is now $834 psf
the last 4br that was offer back to the market was sold today (1/4/07) for $803psf
Final count: 16 units left.

$886psf. Which unit is the $805psf? I can check on that....

hi bagus, thanks for the information.

Just curious ... did you know beforehand that the prices would be increased, or you were only informed on the actual day itself?

Thx Sailover for the infor, but i have to post the Correct details for the bloggers here. I do not want to be misrepresented.

Price increase by 5% wit immed effect from 28/3/07
Unit that was $805 psf is now $834 psf
the last 4br that was offer back to the market was sold today (1/4/07) for $803psf
Final count: 16 units left.

Thanks, Bagus, for the update. I believe this sets a fresh benchmark for highest price done, and vindicates my view that the 4 br units directly facing the river were worth at least $800+ psf, if not more. I wonder if we will start to see some sub-sales on the 4br units soon at $830-850psf or so. I believe that prices will continue to go up and catch up with the higher end of Tg Rhu and narrow the gap with Meyer Rd, given its proximity to the sports hub and its accessiblity.

Thanks, Bagus, for the update. I believe this sets a fresh benchmark for highest price done, and vindicates my view that the 4 br units directly facing the river were worth at least $800+ psf, if not more. I wonder if we will start to see some sub-sales on the 4br units soon at $830-850psf or so. I believe that prices will continue to go up and catch up with the higher end of Tg Rhu and narrow the gap with Meyer Rd, given its proximity to the sports hub and its accessiblity.


$805 psf unit sold already.

$805 psf unit sold already.

Was this sold at $834psf?

Was this sold at $834psf?

That former $805 was revised to $834... Still in the market... any takers...?
For #@#!$# sake, please verified these information before u publish to the public.
Hiaz..........:bash:

Hi bagus,

Thanks for the update. With the queue forming for Seafront @ Meyer since Monday, is there any spillover effect on RiverEdge?

Seafront launching today @ $1400 to $1800 psf got some spilled over effect.

Today itself Riveredge have at least 5 units snapped up by buyer. So not many units left. :banana: :cheers:

Seafront launching today @ $1400 to $1800 psf got some spilled over effect.

Today itself Riveredge have at least 5 units snapped up by buyer. So not many units left. :banana: :cheers:

Wow, the spillover effect is so dramatic.

Hmm, it seems that RiverEdge will sell out in 1 to 2 weeks' time.

Seafront launching today @ $1400 to $1800 psf got some spilled over effect.

Today itself Riveredge have at least 5 units snapped up by buyer. So not many units left. :banana: :cheers:

I'm not surprised. There is clearly some pricing inefficiencies. A river view unit at Riveredge within walking distance of Meyer road by the same developer should be going for more a lot more than half of the cost of a low floor unit at Seafront with expressway views.

Seafront launching today @ $1400 to $1800 psf got some spilled over effect.

Today itself Riveredge have at least 5 units snapped up by buyer. So not many units left. :banana: :cheers:

9 units left....

Hi bagus,

Seafront @ Meyer is not too far from RiverEdge.

Any idea on the number of units sold for Seafront @ Meyer?

9 units left....

Going, going........

9 units left....

What was the average price sold for those units?

The

The market is really moving. I received an offer of just under $820psf today for my 4br unit. Had another lower offer last week as well. I believe further impetus will come when the sports hub plans are finalized and then constructed. I feel there is too much of a gap with Meyer area (even those with no views) and even those with no views in Tg Rhu are asking similar prices although they are older and less accessible.

Should Hit $900 once fully sold.

Not Vested, good luck to those who have lay their hand on this beautiful project.

Should Hit $900 once fully sold.

Not Vested, good luck to those who have lay their hand on this beautiful project.

It's practically fully sold, with only a few low floor units left. It could be fully sold by this weekend.

I heard that the developer has sold a low floor unit there for over $850psf. Can Bagus or Sailover confirm, and is this #04-03?

Finally, 100% sold out this week. :banana:

Yes! Fully sold!:cheers:

The market is really moving. I received an offer of just under $820psf today for my 4br unit. Had another lower offer last week as well. I believe further impetus will come when the sports hub plans are finalized and then constructed. I feel there is too much of a gap with Meyer area (even those with no views) and even those with no views in Tg Rhu are asking similar prices although they are older and less accessible.

so it seems you are looking to sell your unit. what stack you have, the 03 or 04?

I heard that the developer has sold a low floor unit there for over $850psf. Can Bagus or Sailover confirm, and is this #04-03?

Units on the lower floor were sold less than $800 psf... only #07-04 & #04-03 are sold more than $800psf. Finally Fully Sold..... Sub-sales are all ready to go.... hahaha (Any Takers?) Hahaha

In response to your question, my family and I have property interests in various parts of Singapore, both in the central areas as well as in areas well outside those mentioned by Savills. We have very recently made a small investment in RiverEdge (representing under 5% of our total property portfolio value) because I think RiverEdge is very cheap and an undervalued gem and has tremendous potential to increase significantly in value. This is based on what RiverEdge is offering (very near city, ECP, upcoming Paya Lebar expressway, quiet unobstructed riverfront area, sports hub views, 5 mins walk to MRT, brand new, underpriced compared to other properties in the area which have increased significantly) - there are very few properties with those characteristics in today's market for that price range ($700+) that I'm aware of, so I can honestly say that my statements reflect my opinion 100%, and have also been backed up by my actions and investment money. Hope that satisfies your curiosity.

i fully share your views on this project - good for investment and to stay *D

17 June 2007

http://i65.photobucket.com/albums/h204/hyapic01/A_DSC_7044.jpg

RiverEdge is too close to the HDB blocks. I think there are car garages behind as well. Less of a prestige as a private condos compared to Meyer and Tanjong Rhu.
There are big plots of land around it especially the direction towards Tanjong Rhu and Kallang basin, which may risk future view.
When it was launched, the take up rate was very low due to it's location.
The market picked up in the last 6mths, due to it's much lower price reference to the Meyer Rd new launches , e.g. Seafront, SeaView.
However, RiverEdge is much more convenient in terms of public transport and amenities compared to condos in Tanjong Rhu as it's near the mouth of Ford, Meyer and Kallang.

I think there are car garages behind as well. Less of a prestige as a private condos compared to Meyer and Tanjong Rhu.
There are big plots of land around it especially the direction towards Tanjong Rhu and Kallang basin, which may risk future view.
Less prestige? No leh. The car garage is actually Perfomance Motors' BMW showroom .... a very prestigious brand of car. :lol:

The big plots of land in front of Riveredge is quite dark and eerie at night. I read somewhere (in SPI's website) that in the eighties an escaped black panther from Mandai Zoo was seen hiding there and later caught.

Do you guys know that the going psf for Riveredge is now $950psf for a unit with a good view? When is this project completed, does anyone know ? The TOP date is 09/09 but i drove by the construction site and it says date of completion end March 08, why is that ? Does it make sense to buy this project then ?

5 Aug 2007

http://i65.photobucket.com/albums/h204/hyapic01/DSCF2102.jpg

Passed by yesterday, and it looks like RiverEdge has completed the structure of the building.

cheers

excelsvr

Does anyone know what kind of construction is going around near Riveredge condo, are they building more roads?

Does anyone know what kind of construction is going around near Riveredge condo, are they building more roads?
Any photos? I haven't been around that area for a long time.

28 September 2007

http://i179.photobucket.com/albums/w304/hyapic02/09-28.jpg

It looks like they have topped out. The structure should look very nice when cladded in glass and painted, especially when small trees/shrubs start to grow on the sky terrace :yes:

Passed by yesterday, not really much of a change since hyacinthus' last update. It's still bare concrete.

That is really slow...
This was offered in HK at around the same time as Citylights, Rivergate, before Sail Twr2, PI etc. etc....

Yes, construction progress very slow. But official TOP date is still a long long time away. They have all the ime they want in the world :):D

heard the price of this development seems to be going down, and is selling for approx $850 to 900psf

heard the price of this development seems to be going down, and is selling for approx $850 to 900psf

That's still near a 50% gain on $590psf launch price in 4Q2005. If going down, from what level ??

heard the price of this development seems to be going down, and is selling for approx $850 to 900psf

Really? How come? This area is kinda prime you know..

Really? How come? This area is kinda prime you know..

Agreed. At $850 to 900psf it's worth buying RiverEdge at this location than the newly-launched Oasis Garden condo project selling at a similar $880psf and situated near the Mount Vernon columbarium at Upper Aljunied/Upper Paya Lebar.

And Esta Ruby along Guillemard Road by Merill Lynch is selling @ $1,000 psf.

They were mentioning something like $1,130,000 for a 1,130 sqft apartment.

Architecture is nice though.

Taken today.

http://i228.photobucket.com/albums/ee304/Excelsvr/DSC00245.jpg

http://i228.photobucket.com/albums/ee304/Excelsvr/DSC00244.jpg

Progress is fast. Some of the lower units already have windows and the sky terrace is already whitewashed.

Sorry if the pictures is unable to show the whole building as there were construction works going on.

Nice pics, but any pics from the front?

Isn't this the front?

The other side could not be taken because Road Upgrading Works were going on :(

I passed by over weekend, is looking to be quite a nice place.

I passed by over weekend, is looking to be quite a nice place.

Yeah, I like the big sky garden :)

Units are also relatively large :)

it would be great to see the actual photos for the other side of the development. Any idea when it will be ready for people to move in?

heard that the BMW Performance motors site next to riveredge is posted to become a residential site.

it would be great to see the actual photos for the other side of the development. Any idea when it will be ready for people to move in?

The brochure says 31 December 2009, so I expect TOP to be 1 year earlier, that is, 31 December 2008.

heard that the BMW Performance motors site next to riveredge is posted to become a residential site.

Where did you hear it from? Anyway this won't affect the views as the main views of RiverEdge is the Kallang Basin and the CDB and the BMW Performance Motor's site is behind RiverEdge, on the other side.

Where did you hear it from? Anyway this won't affect the views as the main views of RiverEdge is the Kallang Basin and the CDB and the BMW Performance Motor's site is behind RiverEdge, on the other side.

tat would be good as the swimming pool is next to it, whereas the sky garden is up above. They r not together, in other words.

Where did you hear it from? Anyway this won't affect the views as the main views of RiverEdge is the Kallang Basin and the CDB and the BMW Performance Motor's site is behind RiverEdge, on the other side.

Phoned up Capitaland and asked them. They cannot confirm when the BMW/workshop be torn down, but they have acknowledged the site is marked for a residential project.

oh i forgot.. they also said that it will be ready for people to move in sometime from July to Sept 2008.

Phoned up Capitaland and asked them. They cannot confirm when the BMW/workshop be torn down, but they have acknowledged the site is marked for a residential project.

U need lobang inside Sime Darby or PMW to find out. Or go get a BMW at that showroom ...

There was a tender put out for land beside Old Airport Rd for a transitional office. How long will a TO hang around? Why dun tey target Kallang stadium area for the TO to mutually benefit with Stadium stn n Leisure Park? Makes more sense, after all, so much car park space underutilised.

Yeah, I like the big sky garden :)

Units are also relatively large :)

as long as sky garden is not at rooftop, like Esta Ruby or most penthouses, exposed to sun n rain.

Where did you hear it from? Anyway this won't affect the views as the main views of RiverEdge is the Kallang Basin and the CDB and the BMW Performance Motor's site is behind RiverEdge, on the other side.

Oso directly under flight path like DHS n WaterSide n SS Club.... tat means Kg Arang n the other side of Old Airport shd be rejuvenated in the long run?

I passed by over weekend, is looking to be quite a nice place.
Onie issue is getting in n out of that area by car. At least Kg Arang has gone 2 way n straightened now. When I saw RE showflat, I commented that Kg Arang was onie 1 way, not good. DHS expansion goes right to the edge of Kg Arang rd.

Tg Rhu rd may become a major road but I hope the real Tg Rhu road/area dun get jammed. But oredi w MBGC, there was a noticeable increase in golf playing traffic. Wat more with future ME gardens-by-the-bay. And the completion of tat vehicular bridge over the river which I tink will end at a traffic light jct at Tg Rhu rd leading to a set of entrance/exit rds at likely the new exit road into KPE.

Phoned up Capitaland and asked them. They cannot confirm when the BMW/workshop be torn down, but they have acknowledged the site is marked for a residential project.

Did they say what's the height limit? Same height as RiverEdge?

as long as sky garden is not at rooftop, like Esta Ruby or most penthouses, exposed to sun n rain.

Yes, when it rains, the sky terrace cannot be used. So I think so long as it is on a high floor that is e.g.- above the 10th floor, I will accept.

oh i forgot.. they also said that it will be ready for people to move in sometime from July to Sept 2008.

Cool, I would like to see the end product. Now, it is only half painted and not all windows are fitted in.

Onie issue is getting in n out of that area by car. At least Kg Arang has gone 2 way n straightened now. When I saw RE showflat, I commented that Kg Arang was onie 1 way, not good. DHS expansion goes right to the edge of Kg Arang rd.

Tg Rhu rd may become a major road but I hope the real Tg Rhu road/area dun get jammed. But oredi w MBGC, there was a noticeable increase in golf playing traffic. Wat more with future ME gardens-by-the-bay. And the completion of tat vehicular bridge over the river which I tink will end at a traffic light jct at Tg Rhu rd leading to a set of entrance/exit rds at likely the new exit road into KPE.

Sorry, i didnt understand most of above.

What does the following mean?

DHS =
ME =
MBGC = Marina Bay Golf Club
RE = River Edge

sorry for my ignorance.

Sorry, i didnt understand most of above.

What does the following mean?

DHS =
ME =
MBGC = Marina Bay Golf Club
RE = River Edge

sorry for my ignorance.

Let me guess the places:

DHS = Dunman High Secondary
ME = Marina East
MBGC = Marina Bay Golf Club
RE = River Edge

Let me guess the places:

DHS = Dunman High Secondary
ME = Marina East
MBGC = Marina Bay Golf Club
RE = River Edge

Maverick, it should read "Dunman High School than "Dunman High Secondary.

Maverick, it should read "Dunman High School than "Dunman High Secondary.

sorry, a bit too maverick in coining acronyms ....

slight but significant correction MBGC = Marina Bay Golf Course, not Club, n it is called Marina Bay. Who noes? one day it might be Marina Bay Sands Golf Club.

Maverick, it should read "Dunman High School than "Dunman High Secondary.
I see. You were from Dunman?

I see. You were from Dunman?

Apparently, no ;)

but i was :D

but i was :D

How was school? :D

but i was :D
curious .. which year? which class? :) Dunman Rd time or Tg Rhu time? :)

school was very strict, but kinda fun.

grad in 2002... so definitely tanjong rhu time lol

from dhs too?

school was very strict, but kinda fun.

grad in 2002... so definitely tanjong rhu time lol

from dhs too?

Yes, in a way via spousal connection - in fact more than connection, DHS operational hdcount there :wink2:

school was very strict, but kinda fun.

grad in 2002... so definitely tanjong rhu time lol

from dhs too?

Oh, so you're 19 now :D

Oh, so you're 19 now :D
21? 16 + (2007-2002)??? :)

yeah... just turned 21.......................

bonder.bond... i dont understand what you mean!

ok let me pm u ...

yeah... just turned 21.......................

bonder.bond... i dont understand what you mean!

So you shop at Forever 21? :D

goodness no! club21 lol if got sugar daddy

goodness no! club21 lol if got sugar daddy

Haha, Club 21 sounds better than Forever 21.

Has anyone got their keys to the Riveredge?

Yes, me ! Lovely place ;) great view

del

Yes, me ! Lovely place ;) great view

I guess it depends on what side you are looking at. i think the view of the bmw warehouse looks kinda ugly. Is your apartment on the high or low floor?

Hi agosto, can show some picture, I'm interested to get a 2 bedroom.:banana:

Have decided to sell my unit, its 4+1 1679sft, best facing. Anyone interested can call or sms me on 98801080. Im an owner and not an agent.

Yo, it's for my own home stay, i have a stack 4 unit facing the river, it's a 4 bedroom place but think the 2-bedrooms are in the other stacks....have fun ;)

Have decided to sell my unit, its 4+1 1679sft, best facing. Anyone interested can call or sms me on 98801080. Im an owner and not an agent.

Can I have your email, I'm staying in France, La Teste De Buch south of Arcachon.

http://img185.imageshack.us/img185/2181/latestedebuchzi7.jpg