Business Times - 07 Sep 2004

Conversion of CBD offices is taking off

Two more developers apply after Far East gets okay to convert Natwest Centre into 280 flats

By KALPANA RASHIWALA

(SINGAPORE) The Urban Redevelopment Authority has received two more applications from developers to turn CBD office blocks into apartments, sources have told BT. And other office buildings could go the same way.

The latest applications come after Far East Organization received provisional permission to convert its Natwest Centre in McCallum Street into 280 apartments.

Some owners are looking at converting older CBD office blocks into apartments because residential values there are higher than office values, which have been weighed down by a glut.

For instance, City Developments and AIG are said to be eyeing $1,000 per sq ft for their joint-venture condo in the New Downtown, while older offices nearby are worth only $500-$600 psf.

URA won't say which office buildings are involved in the two latest applications - or even confirm whether the change will be for residential use.

But sources say a residential component is probable, given the big gap between office and home prices in the CBD.

Scores of older office buildings with unused plot ratios in Cecil Street, Robinson Road and Shenton Way could be turned into homes.

A prize candidate could be CityDev's No 1 Shenton Way (formerly known as Robina House), right next to the New Downtown. Gerry de Silva, spokesman for CityDev's parent the Hong Leong Group, said: 'Since the government is open to giving developers flexibility on other uses for their older office buildings in the CBD, we are looking into this possibility.'

Mr de Silva would not say which buildings the group could look at redeveloping, but it owns about 20 per cent of the offices in the CBD. These include the Anson Centre, Marina House, Hong Leong Centre, City House and No 1 Finlayson Green. However, the newer Republic Plaza, and Hong Leong Building, which has been refurbished, are likely to remain offices.

Analysts say owners looking at redeveloping office buildings could also be exploring mixed uses - perhaps offices, some shops and apartments on upper floors with sea views.

Buildings in Shenton Way - including UIC Building and No 1 Shenton Way - have such views from high floors. Converting older office blocks into homes would be one way to keep the existing CBD alive as the New Downtown comes up next door.

But not every office building would be suitable. For instance, some office buildings have strata-title units in many hands, which would require the consent of all owners for redevelopment or collective sale.

Also, office blocks on smaller sites - especially those sandwiched between other buildings - may not be suitable for redevelopment into apartments because of access or parking problems.

National Development Minister Mah Bow Tan said in April that the government is prepared to give building owners in the existing CBD incentives to rejuvenate the area to ensure it isn't overshadowed by the New Downtown. 'I suspect some of them (buildings) may be viable for conversion to residential,' he said. 'As more people get used to the idea of inner-city living, that may be one viable alternative.'

Asked what incentives it could provide to spur such redevelopment, URA said recently: 'The government will let the property market take its course and adjust to changes in demand for office space within the CBD.' Also, many CBD office buildings, especially around Shenton Way and Cecil Street, can be developed further under existing guidelines, URA said.

It would not say whether it would award the same plot ratio - the ratio of potential gross floor area to site area - for residential use as it would for commercial use for a given site. Some market watchers believe it will, and that the government could in future zone many existing CBD sites 'white', with a range of uses allowed for a specified plot ratio.

'The idea would be to let market forces and the building owners decide on what is the best use for these properties,' said a property consultant.

Copyright © 2004 Singapore Press Holdings Ltd. All rights reserved.

Natwest is so, so ugly. :puke:

Hope they do something nice to the facade.

http://www.streetdirectory.com.sg/buildings/069045_main.jpg
Natwest

ii've not seen that :o! where is it?

Opposite Amoy Street Food Court (MND Complex).

At MacCallum Street. ;)

Its ugly..luckily it doesnt stick out in the skyline :puke:

First of a kind CBD homes to be launched next year

10 Mar 05

Far East's project on NatWest site slated for completion in 2009

By KALPANA RASHIWALA

(SINGAPORE) Far East Organization expects to launch a project with slightly over 300 apartments in the Central Business District early next year.

http://business-times.asia1.com.sg/mnt/media/image/launched/2005-03-10/krfar10-224449.jpg
"Singaporeans are starting to appreciate the benefits of city-centre living, especially in a development with full facilities.'
- Mr Chia

At 43 storeys, the new tower will be more than double the height of the existing 17-storey NatWest Centre now standing on the site.

This will be the first office block in the CBD to be redeveloped into homes. The Urban Redevelopment Authority has supported an 11.2 plot ratio (or the ratio of maximum potential gross floor area to land size) for the project, which is the maximum allowed for the site based on commercial zoning under Master Plan 2003.

The URA's approval is for a residential project with commercial space on the first level.

The government has indicated for some time that one way for owners of older CBD office blocks to rejuvenate their properties in the face of competition from the New Downtown would be to redevelop them into residential projects. However, the authorities have been silent on whether such residential projects could receive the same plot ratio as for commercial use.

So the ratio granted for Far East's Natwest Centre development is noteworthy and should set the benchmark for other redevelopment applications in the area, say property market watchers.

Analysts say that it makes sense for new residential developments in the CBD to be given the same plot ratio as for commercial use, since there are already tall office blocks in the area.

However, this policy of awarding the same plot ratio for residential as for commercial use would probably only apply to the CBD office district, at least for now, say market watchers.

Far East's deputy chief operating officer (retail and lifestyle concepts) Chia Boon Kuah, said the group's decision to redevelop the 17-year-old NatWest Centre was in response to the planning authorities' aim to repopulate the city by introducing inner-city housing. 'Our Icon project underscores this trend,' he says.

In May 2003, the property company managed to draw out home buyers after the Sars outbreak with the release of its Icon project in Tanjong Pagar. To date, it has sold about 90 per cent of Icon's 646 apartments, for an average of about $750 per square foot for the 99-year leasehold development.

Following its experience with Icon, Far East expects the majority of units at the NatWest Centre redevelopment to comprise studio and one-bedroom units.

The remaining apartments will be of one-bedroom lofts and two-bedroom units, Mr Chia says. In addition to the usual facilities such as a swimming pool and gym, the project, which is being designed by DP Architects, will have a sky garden on a high floor above the 30th level. With shops on the ground floor and carparks above it, the apartments will be located from 10th floor upwards. The project is slated for completion in 2009.

Far East plans to sell all the apartments but retain the ground-floor shops - the same strategy as with Icon.

It has paid about $9 million to the state for the NatWest Centre site. This sum includes a land premium to upgrade the lease for the site to 99 years (from the remaining 74 years) as well as a differential premium for the additional plot ratio.

NatWest Centre's current gross floor of 128,672 sq ft (11,953 square metres) is 6.57 times the site area of 19,586 sq ft, said Mr Chia.

The 47-year-old father of two, who holds an MBA and a degree in mechanical engineering, noted the revival of inner-city living not just in Singapore but also in other popular cities. 'People want to live in the city again because it has become more habitable - unlike in the old days when it was polluted and congested.

'And Singaporeans are starting to appreciate the benefits of city-centre living, especially in a development with full facilities. And there's the added convenience of not having to spend so much time travelling to and from work,' says Mr Chia, who was Singapore Airlines' area vice-president (Singapore) before he joined Far East Organization two years ago.

NatWest Centre, located at the corner of McCallum and Telok Ayer streets, is flanked by office blocks on one side and restored conservation shophouses on the other, set in the historic district of Stanley, Telok Ayer and Boon Tat streets.

The area was teeming with lunchtime crowds thronging the local eateries when BT interviewed Mr Chia. 'These people will live here,' he says.

Hmm... I think Natwest is OK... Why not tear down ugly Afro-asian building instead ? :-/
Btw, 43 storeys means probably less than 150m tall only, for residential...

^

yah although mildly ugly, Natwest has an interesting base.....I wonder when the demolition starts.

then again, here is a chance to have something taller and interesting, to add more density to the CBD and make it more lively :cool:

oh cool! this (with Icon and Sail@Marina) will liven up the CBD area! we can anticipate more of such skyscraper condos mushrooming within the next 10 years! :cool:

yes..more might be on the way :happy:

From office building to homes in CBD

11 Mar 05

By Joyce Teo

CITY living, a largely untested concept here until recently, will get a boost with a new residential project in the Central Business District (CBD).

Far East Organization has been given the go-ahead to convert the 17-storey NatWest Centre, at the junction of McCallum Street and Telok Ayer Street, into a 43-storey residential tower with 3,500 sq ft of commercial space on the ground floor.

And more developers could soon follow.

Recent inner-city projects have seen brisk sales. Far East's 646-unit Icon, near Tanjong Pagar MRT station, is now 90 per cent sold. City Developments' The Sail@Marina Bay, at the new Downtown, has sold 640 units of one 681-unit tower. Prices range from $650 to $1,000 psf for Icon and about $950 to $960 psf for The Sail.

Targeted at a cosmopolitan crowd, the NatWest project will have more than 300 units of studios, one-bedroom lofts, one- and two-bedroom units, and food and beverage outlets.

Far East's deputy chief operating officer Chia Boon Kuah said the company plans to launch the project not later than the first quarter of next year. They hope to have the units ready by 2009. 'When it is occupied, the nightlife there will be transformed,' he said.

It is in line with the Urban Redevelopment Authority's (URA) plans to liven up the CDB area. 'With the Government wanting to promote Singapore as a hip and happening place, city living is one of the ways to boost the image,' said National University of Singapore's Associate Professor Yu Shi Ming.

The URA said there have been three applications so far to convert CBD offices into homes.

Mr Nicholas Mak, a director at property consultancy Chesterton International, said: 'Old buildings need to be revamped anyway. Instead of spending millions to make it look like any other office building, it makes sense to convert them, as residential space is easier to sell than office space. But it is a time-consuming exercise and the developer has to make sure all the tenants vacate around the same time.'

Potential office buildings that could be converted include Lian Huat Building, Union Building and 1 Shenton Way, consultants said.

Typically, these are more than 20 years old, with obsolete designs and facilities, that command rentals of around $2 psf, said Cushman & Wakefield's managing director Donald Han.

Yup! CityDev condo the next at 1 Shenton Way. :cool:

Notice how the same developers try to get sites near each other?

Far East has Icon and Natwest closeby while CityDev has the above and the Sail

this also happens elsewhere

Far East territory - Tanjong Pagar area
CDL territory - Shenton Way area

Makes sense? Resources can move between sites easily? As well as creating a niche in selling specialised areas :D

maybe..anyway if you saw the URA planning models, the empty fields around Tanjong Pagar MRT have been set aside for highrise condos! :cool:

I saw too. It will be awesome! But, wouldn't it overshadow the rest of the buildings? Cooler to walk around the area though. Take more pictures, Rafflescity!!! :D

Oooh, good!!! :banana:
Have to take pictures of NatWest for nostalgia's sake now.... Anyone? :D

Natwest does look ugly. I won't miss it when it gets demolished.

I am not too sure how it looks like, but I am quite happy over this development. Mainly coz I am wondering how this tower is going to fit in when it is at one corner of the high-rise clustter right beside low rise shophouses!

It's at the edge, shophouses on one side, highrises on the other? :eek:

are they demolishing the hideous old black dark building with the atrium from hell? or just converting it. anyway, isn't it interesting how the govt is reversing on its masterplan and bringing mixed use developments back into the city? Singapore in the 70s was so bent on cultivating the perfect modernist environment it adopted wholesale urban planning from the west (and everything else cold hearted and modernist sans the politicisation process of the public) that today we have here a dead urban core. just about the only infamous dead urban core in asia. well ok, asians are for one suckers for sweeping philosophies and a one standard for all policy, but modernism has inherently failed and singapore is just about the only place left that has no clue of what that means. so that means we can't start repairing the damage as other modernist offspring have done. and this is because we have kept our people uninformed about the arts. about modernism. in all the departments it is involved in. ok URA is taking a step in promoting plurality in architecture and development schemes. but does the govt also realise that we need to be more open to plural philosophies in an Asian society made up of the most plural elements? as usual we are building a hardware with software that is not upgraded. and the public is left clueless because we were not educated in school. We were merely produced to be pieces of the puzzle that is the modernist masterplan of singapore.

Will it fill in some of the gaping spaces in the skyline?

My concern is that I hope it wont bring in many very tall ugly residential blocks in the middle of the CBD, which is very classy so far (although terribly dead at night and on week-ends, this is true).

Hmm.....it seems like they are more likely to create sudden blocks in the middle or low rise blocks or something?

My concern is that I hope it wont bring in many very tall ugly residential blocks in the middle of the CBD, which is very classy so far (although terribly dead at night and on week-ends, this is true).
They wont dare...

In this pano taken by heirloom, you can see the site marked out. (the brown building)

http://img205.exs.cx/img205/5199/natwestsite0yu.jpg

rhrm i like how it looks in the picture actually.

Now imagine something more then twice as tall replacing that building. Its gonna stick out like an offensive middle finger.

:D

Wonder what it'll look like...

hoepfully not like the icon, or the new budget terminal.

Icon looks ok to me.

I dont mind both of them too....they do what they are supposed to do.

Now imagine a condo on Robina... :cool:

Get rid of that block please. Maybe the other two needs to go as well. :D

You want UIC gone ah?

If it dosent shape up, it should ship out.

That colourful tower between UIC and Robina looks hideous in those colours.....

That means then ew condo will be very close to the icon?

Not really that close leh.....

Big deal. Got clusttering will be good what...but I dunno how it is going to sell itself since its smack in the middle of the urban jungle..haha!

Big deal. Got clusttering will be good what...but I dunno how it is going to sell itself since its smack in the middle of the urban jungle..haha!

It will sell well right? Since people like to live in the midst of skyscrapers:D

almost definitely

Dont think so...given how ppl are snapping up the units which are sea facing, but not the city facing ones for the sail. :D

Sea of water, sea of concrete... :D
Sea of water seems to be more popular... :lol:

the city facing side is selling well by most standards... the rate of which the bay facing side was snapped up is too much for comparison lar...

URA website indicates that the project will have 312 units.

The showroom next to International Plaza is being constructed.

As for the Natwest Centre, its still there and doesnt look vacated yet.

The Clift

Being named West 8 at first then changed into Natwest where later on become The Clift. This Project is going to be started soon. Comprises of 43 storey which includes 10 storey of carpark, 2 skygarden @ 11th and 31st storey.

12th - 30th storey are dedicated purely for Residential whereas 32nd onward are for Loft unit. Glassy facade will cover up almost the whole thing so it will have the futuristic looks.

Anybody know how to insert a pic ? coz i dun hv photo storage account.

Finally, it's launched!

I think the developer made a good decision to start the residential units from 12th floor onwards. it should clear above the Chinese Temple under construction.

The Clift sounds like one of our forumers.


1) Use http://imageshack.us to host your pictures. It will display the image link of the uploaded image.

2) Refer to http://www.skyscrapercity.com/misc.php?do=bbcode#imgcode on the use of code to show images in your post.

just found out the showflat is only for 1 / 2 br. to open in Jun 06.

haha yeah it's still on tender status. think early june (2nd week) it will be awarded as well as launched.

thanks! I'll try to upload the rendering.... very nice pic :)

Rendering of The Clift


http://photos1.blogger.com/blogger/1627/2956/1600/The%20Clift.jpg

sorry for the quality of the file.... I was just scan it from what i got from architect hueheuhe

looking good... but maybe they can do away with the west 8 signage at the top ;)

Gosh, the name is so....

Gosh, the name is so....

So "Kliff" right?? :lol:

LOL!!!!!!!!!!!:rofl:

this one is last time rendering before they add 1 sty of the carpark... and as last time they want to name it as West 8 so there was that signboard on top.

haha the name looks like that you're the owner :P

Thanks glitz_boy, the quality is fine :-)
Not sure about the tower's design, though... It's a bit too Icon-ic ^ ^
Plus we are gonna get confused with the Clifft, the Cliften, and Cliff's yet-to-be-unveiled top-secret supertall proposal ;-)

Thanks for that rendering glitz!

The design looks like a mix between Icon & Lincoln Modern, and I like the treatement of the podium facade :cool:

a vast improvement on the building it is replacing

yeah layout wise its about the same as icon... just that this one wider but only 1 tower.

Wider than the Icon?

how many units per floor?

i think 12 ... monday i see the drawing again huehuehue

12 per floor? hmmm... then it must be 12 small 1-br units...

The design looks alittle messy...

Don't mind living there though;)

Visited the new Icon showflat yesterday. there's a gym and a hip looking bar, for the use of Icon purchasers so as to let them savour 'city-living'!

There are 2 show flats for the sky apartments. Its a huge complex which I believe will subsequently be used for Clift.

The Clift launches 8th June and bookings can be made now.........just like buying cinema tickets or long distance bus tickets.

Lofts will be launched later,. when prices have gone way up.

More condos,more condos!

I saw lots of condo adverts on newspapers everyday

12 unit per sty is for the loft units.... below ... i think also 12 but its not loft. ...

floor layout a bit messy but ... still ok lar

yeah the lauching dates is 8 of June

looks quite short for a 43 storey condo from the renderings.

I've checked ... yeah its 12 unit per floof for all floor.

@Josin .... I got sed abv ma... the rendering was b4 they add 1 floor in the carpark....

I want to go back Singapore !!!

I am missing all these excitement .... anyone knows the soft-pricing ?
Anyone got the floor plan ?

Am attending a presentation tomorrow, will keep all posted.but looks like.no balcony

yes no balcony indeed. not even a single unit got balcony.

@DKSG ... u want which floor ? huehuehuheuheuhuehe

I want ... say the 28th floor ? or the 32nd ...

asciano : got floor plan and site map or not ?

No plans given but from my sad little memory

Very tiny units starting abt 1100psf

No carparks provided.

780 580 500 500 580 800 faces OCBC

780 580 500 500 580 800 faces Icon, all in sq foot

Launches on 6th or 15th June, 10 to 18th floor only

Lofts studio and 2 bedded only much later, at a probably astronomical price

Yes, there is a household shelter for all units.

Floor plan looked very Icon, ie very early 2000 design and unimaginativve

@asciano .... got carpark from 2nd - 10th storey ...

@DKSG .... 28 sty is lyk wat asciano says ... and 32 is the lower loft storey ... so 32&33 is 12 loft unit ...

Eeerrmmm ... 500-580 sqft ... how to stay ?
Feel like prision leh ... prison with high rise view ... haha!

Anyway ... this is 99 year ? or FH ? If 99 year ... over-valued ... (in my own view) ...

99 years lease
Car park lots available but you have to pay season parking rates.
Those sizes are close approximates cos I cant remember the exact numbers

Eeerrmmm ... 500-580 sqft ... how to stay ?

I lived with my wife in a 500 square foot place in Europe --- on the sixth floor of a building with no elevator. And we loved it! Of course, the fact that we had a view better than anything that can be dreamed of in Singapore may have helped.....

That's very romantic Suipalucsea :)

The biggest (non-loft) unit is a 2-bedroom at 818 sqft. They managed to squeeze in the second bedroom only by sacrificing the normal kitchen and replacing it with an open-concept kitchenette. Maybe that’s the kind of layout we’ll be seeing for city-living.

Location-wise, it doesn’t have the convenience of an MRT right at their doorstep the Icon enjoys. Views are also blocked by adjacent buildings.

With a starting price tag of $1,100 psf (for a 99 year), its not very attractive.

The clubhouse in front of Icon will house the show units of the Clift and its expected to launch 15 June.

hmmm...the Tanjong Pagar MRT is pretty near though, as there's an underpass leading up to outside near where the Methodist church is....its just a little further than Icon is

Clift suffers a little identity crisis me thinks. It’s neither near Raffles (MRT) nor really in Tanjong Pagar. At least Icon has the MRT right at their doorstep and SOHO@Central has it (Clark Quay) beneath their feet. Even the Sail enjoys RafflesLink & MRT and the Circle line. These days, people are so spoilt and pampered, a minute’s walk to the train station seems a tad too far.

Was looking for something more stunning.

Ah, then maybe you can consider CDL’s 1 Shenton Way. No names yet but inside CDL, they affectionately call it Tower 3… after the success of TheSail@MarinaBay. With its closer proximity to the new downtown and MRT station, it would be a better choice compared to the Clift… with a bigger price tag to boot.

ahyhow The Clift is my baby lor... LOL!

glitz boy, your baby very cute la don't worry… :)

Is Natwest vacated now?

Is Natwest vacated now?

Last few times I passed by it I saw tenants busy moving their stuff out of the building.

The Clift will replace Natwest Centre which is the brown building near my signature in this picture.

http://i65.photobucket.com/albums/h204/hyapic01/DSC_2124.jpg

Is that Aspen Heights in the foreground of that picture? Didn't realise it was so close to Shenton area.

Is that Aspen Heights in the foreground of that picture? Didn't realise it was so close to Shenton area.
yes, it do think it is. now that you mention, when i travel back home from raffles place, i do go through river valley just to bypass the erp gantry at clemenceau. and the drive is barely a couple of mins (thanks to traffic lights). so yes, it is rather close.

Buildings always looks closer than actual ... if u take the picture from certain angle ...

Far East Organization previews The Clift

11 Jul 06

DEVELOPERS continue to roll out new residential projects for sale. Last week, Far East Organization began previews for The Clift - the redevelopment of the current NatWest Centre at McCallum Street. And this week, City Developments Ltd (CDL) and TID Pte Ltd will preview The Oceanfront @ Sentosa Cove condo.

Far East is understood to have priced The Clift around $1,050-$1,100 psf on average after discount. The 99-year leasehold project comprises 312 apartments in a 43-storey tower, with shops on the the ground floor. The residential units are mostly one and two-bedroom offerings, with or without lofts. One-bedders without lofts range in size from 495 to 527 sq ft. Two-bedders without lofts are between 775 sq ft and 818 sq ft.

At Sentosa Cove, City Developments and TID will begin previewing their 15-storey condo, The Oceanfront @ Sentosa Cove. The price of the 99-year leasehold project is expected to be $1,300 to $1,350 psf, CDL executive chairman Kwek Leng Beng said yesterday at a media briefing to launch the initial public offer of the CDL Hospitality Trusts.

Over in the Tomlinson/Cuscaden area, the group has sold almost all of the 70 apartments it has released so far at its upmarket St Regis Residences. The highest price achieved for the 999-year leasehold project is $3,030 psf, Mr Kwek said.

The plan is to release another 30 units soon, for which Mr Kwek said the price is unlikely to be increased. Beyond this, the group may wish to retain the remaining 73 apartments in the 173-unit project for lease, catering to the long-term stay market.

Mr Kwek reckons investors at St Regis Residences will enjoy a rental return of 6 per cent, compared with 4-5 per cent in the general Singapore market. Residents of St Regis Residences will be able to use the butler service from the St Regis Hotel being built next door.

CityDev is developing the St Regis Residences and the 299-room St Regis Hotel jointly with Hong Leong Holdings and TID.

Over in the Cantonment Road area, Mapletree Investments is said to have sold the last eight units at The Beacon at the weekend. The 24 storey condo, being built on a 99-year leasehold site formerly occupied by the Singapore Portworker's Union House, has 124 units. The average price is about $600 psf.

still no renders?

go to page 3 lar... i got post rendering there....

u can oso see it in the business times 11 July 2006 if you want to for the other face ...

but those two are not the latest rendering .... I saw from the archi drawing they change thw facade over the roof .. it will have something like ... 10m height of facade above the roof ...

the total height is 160.8m

you mean they added height to the roof?

Look nicer now or not?

i forgot the height last time ... but if you c d rendering on page 3 now the left hand side will be taller by arnd 10m. its like a point hat.

I dont haf d latest rendering tho....

pointed hat..sounds interesting..maybe it will light up at night...

where did you get the 160.8m height figure from?

dunno if it will b light up at night or not but i doubt so ... i think its just a facade ...

errr... from the latest elevation view ...

From the rendering on this website, it seems to illuminate.

http://www.feelthelife.com.sg/

weh... i wish its really like dat ... would be a good addition to the existing skyscraper :)

beautiful!!

It looks really glam in the rendering! Like the base....a nice addition to the skyline

From the rendering on this website, it seems to illuminate.

http://www.feelthelife.com.sg/


Hmmmm interesting website! Just curious though, it is such a tight site, eventhough the rendering gives you the spacious look on the building, in reality the natwest bulding is back to back with the market and the tall building next door. Only separated by the small mc callum road. wonder how comfortable it is living in an environment like this.

Yeah can't wait to see robina transformed :)

Very cool!

The Dec 2 issue of The Business Times has the article titled:

Marina Bay Residences - agents are asking for blank cheques

One part of the article reads:

Banking on a spillover effect from Marina Bay Residences, an agent from HSR International Realtors put an advertisement in The Straits Times on Nov 25 with the telling headline, 'Flip The Clift After BFC Ctr Launch'.

What percentage of "The Clift" is sold?

What is the latest psf price?

I just noticed that the Dec 2 article in the Business Times has this part:

Far East Organization, City Developments and BS Capital all have residential redevelopment sites in the Central Business District (CBD). None has fixed a launch date, though it is understood that Far East's The Clift is already 50 per cent sold.

Rendering outside the Natwest Centre

http://i77.photobucket.com/albums/j67/RCSSC/clift.jpg

Wow, getting better and better

Heard they are asking $1800+ for middle floors. Any idea if they are planning to do a formal "re-launch" or just selling floor by floor? Haven't heard much press about this project at all lately...

I have a feeling its not going to look good...

Hate the podium...

Natwest Centre is hoarded up now. probably, demolishing soon.

^^

Its been a long time coming....

about the podium...from the rendering, it doesnt look too bad...what I hate are those exposed podiums from the 70s...URA is probably more stringent now on the design of podium carparks...they have to be 'concealed' from external views.

Last week, the scaffolding has been erected up to about 6-8 storeys.

This evening, the construction workers started to break the glass windows in the lower floors. You can hear the glass being smashed and the pieces shattering on the floor. Seems like a very "manual" process.

It looks like a cross between One George Street and the Icon...
Errr... Life can be hard ^ ^;

I should be able to give regular updates on the demolition/construction progress of this project as I work around that area. Will also take some photos if I have my camera with me. :)

That will be nice :)

I saw the building today, the light blue scaffolding is still around the lower base.

12 Apr 2007

http://i65.photobucket.com/albums/h204/hyapic01/DSCF1190a.jpg

http://i65.photobucket.com/albums/h204/hyapic01/DSCF1189a.jpg

Besides the construction boom...there is also a demolition boom in Singapore now

That just looks comical, a JCB digging away on the top of a high-rise building! :lol:

How did it get up there?

How did it get up there?

Cargo lift? :lol:

That just looks comical, a JCB digging away on the top of a high-rise building! :lol:

That is quite common here...in fact thats the method I've seen for all demolition methods...though it must be quite precarious for the operator!

The Amoy market facing the cliff has been very dusty since the demolition started....I just wonder how clean are the food served at the hawker center.

That is quite common here...in fact thats the method I've seen for all demolition methods...though it must be quite precarious for the operator!

How do they get the debris down?

From what I've seen they send the debris down either by debris chute or through the core. I suppose they can use a temporary crane to lift the excavators to the top. As RC said it's quite common here but I've never seen the actual lifting process taking place so I'm not sure on this one :-)

7 May 2007

http://i65.photobucket.com/albums/h204/hyapic01/DSCF1336.jpg

Demolition has moved fast...not much more left....over at Mistri Rd, the former HMC Building has been demolished all the way to its podium

golly

The floor plates look so tiny!
How do they squeeze ? 8 units per floor at The Clift?

golly

The floor plates look so tiny!
How do they squeeze ? 8 units per floor at The Clift?

I wonder how many mechanical excavators you can park in your living room...
^ ^

golly

The floor plates look so tiny!
How do they squeeze ? 8 units per floor at The Clift?

Got an SMS from whom I presume is an agent saying that The Clift is gonna "officially" launch some time this week. I don't get it, I thought it's been launched a long time ago.

The website he gave me is: www.theclift.com.sg

loft starts on 32nd sty :)

loft starts on 32nd sty :)
-
I guess has to start from $1800 or $2000psf and above ?
Last Jan, Lumier high floor starts from $1700-1800psf+ and above.
So Clift high floors can't be lower than this after 4 months.

-
I guess has to start from $1800 or $2000psf and above ?
Last Jan, Lumier high floor starts from $1700-1800psf+ and above.
So Clift high floors can't be lower than this after 4 months.

could be higher....last few lumiere units from developer are exceeding $2k...subsale in the mid-20s floors are roughly $1950

could be higher....last few lumiere units from developer are exceeding $2k...subsale in the mid-20s floors are roughly $1950

okie..okie , good news for residential owners in CBD, not to mention Marina Bay's Sail.... if city view in Clift & Lumier can command above $2k, then the current city view units in Sail looks cheap.... another round of hike, I believe !

Lumiere and Clift are selling at very high psf because they are selling the SOHO concept... but I do agree that The Sail is relatively cheap even if its purely residential... I see a lot of potential in The Sail, especially tower 1 bay view units...

I thought Clift was sold as residential ? Lumier is definitely sold as SOHO.

My apologies… in that case, Icon sub-sale units seems to be under priced now, compared to its sister the Clift...

My apologies… in that case, Icon sub-sale units seems to be under priced now, compared to its sister the Clift...

Icon's location is really crap, looks like it's in the middle of a HDB estate. Clift and Lumiere are definitely better locations. Moreover Icon is by Far East, the well-heeled (i.e. rich people with taste) will not consider Far East properties.

But Clift is also from Far East...:)

But Clift is also from Far East...:)

Then avoid at all costs. :lol:

Compare Clift and Icon, Clift is a mini-icon, $psf is higher, further away to MRT, no tennis court, smaller swimming pool, only city view, later TOP; if Clift is still worth to buy, it seems Icon is really undervalued.

Flour ( Clift not built ) more expensive than Bread ( Icon completed ) ? :ohno:

The cheapest Cliff unit are the studios on the 24th floor... about $1,900+psf... the lofts are on the 30+ floors, starting at $2,700psf...

The FEO officer told me that there are only 5 residential developments in CBD (6 actually, including Beacon) and that at prices below $2,000psf, its a steal...

The cheapest Cliff unit are the studios on the 24th floor... about $1,900+psf... the lofts are on the 30+ floors, starting at $2,700psf...

The FEO officer told me that there are only 5 residential developments in CBD (6 actually, including Beacon) and that at prices below $2,000psf, its a steal...

Beacon is outside CBD.

Beacon is outside CBD.

Oh ok. :)

Oh ok. :)


... but in the Core right? :)

... but in the Core right? :)

Beacon is just outside CBD ERP tollgate but believe Cantonment is still considered within the core CBD site.

21 July 2007

http://i77.photobucket.com/albums/j67/RCSSC/clift2107.jpg

At least Clift has started to do the drilling for the foundation.

Compared to Lumier which have not started yet over a month after the old building had demolished.

Both completed the demolishing almost at the same time.

May be Lumier is waiting for the same equipment used by Clift ?

Oh maybe bcoz Clift apply for permit and approval quite some time ago and lumier havent submit yet hehehe :P

I wonder how is this The Clift now ... as I finished the detailed design last year... but still i wonder how ppl can stay in such a small place for studio ... like icon.

Oh maybe bcoz Clift apply for permit and approval quite some time ago and lumier havent submit yet hehehe :P

I wonder how is this The Clift now ... as I finished the detailed design last year... but still i wonder how ppl can stay in such a small place for studio ... like icon.

yeah very small units, studio average 500sf or less ?
May be still better than most HKG's apartment where you just need to turn your body in the kitchen to reach the fridge, micro-oven, wash hand/face.

Thats practically like an aircraft toilet LOL

I hear that demand is very hot for piling contractors and such with all the new projects

Too late to buy the piling contractors share, gone up too high. I think there are only 2-3 key piling players in Singapore.

yeah very small units, studio average 500sf or less ?
May be still better than most HKG's apartment where you just need to turn your body in the kitchen to reach the fridge, micro-oven, wash hand/face.

What's HKG?

How small can units get? :ohno:

What's HKG?

How small can units get? :ohno:

HKG - should be referring to Hong Kong.

I have been in one of the "larger" Hong Kong condos in Wanchai. The bedrooms are rather small. There is space only for one single bed and nothing else. When I bunked in on a foldable mattress on the floor next to the single bed, the door cannot be opened unless I fold up the mattress each time someone wants to come in to the room .... so it is really small.

The kitchen is like what they said..... quite small by Singaporean standards.

:gawd:

24 Aug 2007

http://i179.photobucket.com/albums/w304/hyapic02/12-4.jpg

It's been a long time! Why so slow? :rofl::rofl::rofl:

cheers

excelsvr

Not bad lah....seems they had done 2 level of basements.

Not bad lah....seems they had done 2 level of basements.

that is quite fast. I think maybe that was the original underground carpark for Natwest Centre...

oh..if that's the case, it's slow ... :nuts:

2 level of basement? supposedly no basement leh ....

i think they will fill up the basement. for Lumiere they also fill up the basement and start consutruction at street level.

I thought underground car park is better, but may be they want to maximize the height of the building.

Underground parking is seriously better. Multi-storey carparks are unsightly, excelpt for a few like The Clift, SouthBank and Citylights. Most of these are hidden from sight/ cmaouflaged with metal grilles:drunk:

cheers

excelsvr

they're not gonna fill up the basement .. but gonna do dig to do piling then cast the concrete till street level.

Why go to the extent of so much trouble?

cheers

excelsvr

Whatever theyre doing there...it was quite loud this afternoon.

Perhaps they have started some major works.

cheers

excelsvr

4 Dec 07

http://img464.imageshack.us/img464/7475/img0404fp5.th.jpg (http://img464.imageshack.us/my.php?image=img0404fp5.jpg)


8 floors of carpark, swimming pool plus etc and 34 flr of residential of 312 units.

4 Dec 07

http://img464.imageshack.us/img464/7475/img0404fp5.th.jpg (http://img464.imageshack.us/my.php?image=img0404fp5.jpg)


8 floors of carpark, swimming pool plus etc and 34 flr of residential of 312 units.

Nice updates, nolimit :D

However a bit hard to see in the dark :D

Nice updates, nolimit :D

However a bit hard to see in the dark :D

When is Cliff going to TOP?

Hopefully not so soon after The Sail 1111 units come onto market. Another 300+ rental units is quite alot.

When is Cliff going to TOP?

Hopefully not so soon after The Sail 1111 units come onto market. Another 300+ rental units is quite alot.

Clift should be late 2010 or early 2011.

For CBD area, I think the next TOP is Lumiere (early 2010) followed by One Shenton and MBR by middle 2010.

I think its over 10 floor now, I think it should reach full height by next NDP.

15 November 2008

http://i77.photobucket.com/albums/j67/RCSSC/clift1511.jpg

http://www.virtualhomes.sg/FileUpload/Project/175/Images/a2.jpg

http://www.virtualhomes.sg/FileUpload/Project/175/Images/a4.jpg

http://www.virtualhomes.sg/FileUpload/Project/175/Images/main.jpg

http://www.virtualhomes.sg/FileUpload/Project/175/Images/in1.jpg

http://www.virtualhomes.sg/FileUpload/Project/175/Images/floor_typeAL1.jpg

see more from:
http://www.virtualhomes.sg/theclift

:lol:

I noticed, from the above floor plan, there's no wardrobe...

Is that a void above the living room (double volume)?
Bay window behind the bed?

Is that a void above the living room (double volume)?
Bay window behind the bed?

clift got terrible layouts IMO. wasted space and overall bldg amenities not great. average project in decent location. lumiere much better value for money at same price (note: yes got vested interest LOL)

I'm intrigued by the recess in the right hand side wall of the living room

I'm intrigued by the recess in the right hand side wall of the living room

From the diagram, there appears no recess and just wall. :wallbash:

http://img291.imageshack.us/img291/6891/58044467oq4.jpg

This

store room? and then the render he remove the door cos he want to put the sofa drawing. lol.

Pix taken on 31 Dec 07

Probably around 13/14 flr now.

http://img387.imageshack.us/img387/3992/img0670uf8.th.jpg (http://img387.imageshack.us/my.php?image=img0670uf8.jpg)

http://img291.imageshack.us/img291/6891/58044467oq4.jpg

This

how big is this unit? anyone?

how big is this unit? anyone?

753-807 sq.ft.

http://img291.imageshack.us/img291/6891/58044467oq4.jpg

This

Aircon ledge or access to the aircon ledge?

1 April 2009

http://i77.photobucket.com/albums/j67/RCSSC/cliftapril2.jpg

http://i77.photobucket.com/albums/j67/RCSSC/cliftapril.jpg

There seems to be a stepdown in height if you go diagonally from Raffles Quay to this site.Perhaps they're building it taller and adding more glass so as to cover the "older" buildings.

The Clift unit fetches 36% less just after a year

Bought for $1.65m by the seller, the 19th floor unit is auctioned for $1.047m

A TWO-BEDROOM apartment on the 19th level of The Clift, at the corner of Telok Ayer and McCallum streets, was sold at a DTZ auction this week for about $1,350 per square foot (psf) – 36 per cent lower than the $2,129 psf the seller is said to have paid for it barely a year ago.

The 99-year-leasehold unit was put up for auction by the mortgagee, understood to be Citibank.

Analysts reckon the $1.047 million the 775-sq-ft unit fetched was probably not enough to cover the loan the seller took for the property when he bought it for $1.65 million in the sub-sale market in July 2008.

At Thursday’s auction at Amara Hotel, there were initially no takers when the auctioneer called for an opening price of $1.08 million. A lower counter offer was made by a bidder and after close to 20 bids from about five parties, an Indonesian investor walked away with the property.

This was not the first time the 19th floor unit featured at an auction. It was offered in March and April this year, with price expectations of $1.1 to $1.2 million, BT understands.

However, the mortgagee bank’s reserve price could not be met then. Market watchers reckon the bank probably cut its reserve price for this week’s auction.

Since March, three other units on the 21st and 22nd levels of The Clift, which is still under construction on the former Natwest Centre site, have changed hands at between $1,111 and $1,218 psf, according to caveats information.

The 43-storey tower – with shop units at street level and apartments above – was designed by the renowned Japanese design firm Super Potato.

Two other mortgagee properties also changed hands at DTZ’s auction. A couple of adjoining first-storey shop units at Grandlink Square in Guillemard Road each fetched $300,000 or $1,546 psf of strata area. They were sold with vacant possession to a Singaporean investor who already owns units in the freehold development, BT understands.

DTZ managed to find a buyer prior to this week’s auction for another mortgagee sale property that was listed for the auction. The 5,188-sq-ft ramp-up factory unit on the second level of Northlink Building in Admiralty Street, Sembawang sold for $520,000. The property is on a site with a remaining lease of about 50 years.

Source : Business Times – 30 May 2009

This market uptrend is different than last time....

Last time, rising tide lifts all boats.

This time, only good or popular projects benefits disproportionately.

V. good units at Sail, MBR, Lumiere, Icon have all been selling well last few weeks.

Clift, One Shenton not good response at all.

29 May 2009

http://i77.photobucket.com/albums/j67/RCSSC/29mayclift.jpg

26 November 2009

http://i77.photobucket.com/albums/j67/RCSSC/clift2611.jpg

This one .... :ohno:

This one .... :ohno:

Why? heart of town leh....

But then again .. its a FEO... so I also :ohno:

Why? heart of town leh....

But then again .. its a FEO... so I also :ohno:

location not terrible. just don't like the layouts and cannot anyhow imagine 12 units crammed together on 1 tiny floorplate. best is if u own a whole floor and sublet all to resort world. still got upside at today's prices just because CBD market undervalued. but think this will always be cheapest project in the CBD.

:ohno: like pigeon holes ....

RWS FTs budget too low, only can rent HDB flats....:ohno:


location not terrible. just don't like the layouts and cannot anyhow imagine 12 units crammed together on 1 tiny floorplate. best is if u own a whole floor and sublet all to resort world. still got upside at today's prices just because CBD market undervalued. but think this will always be cheapest project in the CBD.

26 November 2009

^^ Thanks for the photo, Raffi. We seldom have photos of this view of the CBD.

:ohno: like pigeon holes ....

RWS FTs budget too low, only can rent HDB flats....:ohno:

Baby, I heard RWS FTs budget is around $3K ... ... or maybe that is for their directors only! :nuts:

http://farm5.static.flickr.com/4060/4271991926_7c329871fb_o.jpg
5 JAN 2010

wow...so tall!

Err... What's on the right? I don't remember about another tall tower under construction near the Clift.

Thats the Tokio Marine Building u/c

I guess it's cheaper then one shenton and luminair. But it's location is poorer . But dats city living .

Cannot say like that.....FEO project....lots of higher floor levels still not sold yet...FEO kept them, and when ready to sell, you will see ... :lol:

As location, Clift nearer to Raffles Place than Lumiere leh.... , but Lumiere is SOHO so slightly different category.

I guess it's cheaper then one shenton and luminair. But it's location is poorer . But dats city living .

dont think the higher level units are to be released for sale in future.

then do what ? service apartments ?

dont think the higher level units are to be released for sale in future.

dont think the higher level units are to be released for sale in future.

think that's lumiere not clift if i'm not mistaken?

then do what ? service apartments ?

:gossip: that's what i heard.

Make sense, there isn't enough service apartments at the financial district except the recent opened Raffles Ascott.

The Clift City View from ard Mid floor level.

Looks like the building beside will block it.
http://lh4.ggpht.com/_bA2VdeNaBTo/S1fEc-0NhfI/AAAAAAAAFms/7rjXFu0wMBg/s800/IMG_0030.JPG

The other view over Amoy Market
http://lh4.ggpht.com/_bA2VdeNaBTo/S1fEdQWzhZI/AAAAAAAAFmw/Z2hlQnOJW-I/s800/IMG_0029.JPG

Nice view but tainted by HDB flats ?

Nice view but tainted by HDB flats ?

Well HDB is everywhere dont want HDB view have to pay more premium.

Nice view but tainted by HDB flats ?

too bad no balcony to enjoy.

city view side is basically completely blocked by neighbouring plots. but good for rental if u can get for less than $1.6k.

chinatown view very nice above 25+ but not sure whether Amoy food centre will also redevelop in not too distant future so i would buy stacks away from that.

this is a good place to keep mistress though ;)

Jus to make this thread alive.

I have vested interest in this project...Anyone else too who cares for a discussion about our investment?

In terms of location, I do not think it is inferior compared to Icon and Lumiere because Clift is near to 2 MRTs, Tanjong Pagar Mrt and upcoming Telok Ayer DTL which is 2 stops away to marina bay IR and it is within walking distance to pubs and dining along club st and also to local delights at Maxwell Food Ctr.

However, I must admit this project lacks tennis court and apparently nobody favours FEO here...To me, if u have to buy into FEO projects, be sure u r the first batch of buyers and not the 2nd or final phase buyers. Furthermore, FEO do not slash down their prices much or at all during crisis (beauty of holding power). I have benefitted from FEO projects and also projects near FEO project! hehe

too bad no balcony to enjoy.

city view side is basically completely blocked by neighbouring plots. but good for rental if u can get for less than $1.6k.

chinatown view very nice above 25+ but not sure whether Amoy food centre will also redevelop in not too distant future so i would buy stacks away from that.

this is a good place to keep mistress though ;)

Just to correct that units facing raffles place are not completely blocked. Only right hand side will be blocked by the upcoming toykio marine. The left and centre view will be totally unblocked even for the very first level as it is facing conservation shophouses.

Facing chinatown side may have a risk in future as immediately in front of it looks like an old school waiting to be redeveloped.

However, all Icon units will be practically blocked left right centre and still commanding a gd price. So, I wud say location is still the most deciding factor.

Question :

If FEO is retaining the 31th floor upward as service apartments, that means the rests are not going into market

So the only way for existing owner's Clift price to move upward is dependent on nearby CBD launches, and not depending on FEO selling at higher price for the Clift higher floors.

Make sense ?

Posted this on other thread also...

FEO aggressively selling 2 units on 30th floor of Clift (775 sq.ft.) for $2322 PSF ($1.8 million).

All Clift owners can happily wait for these caveats soon :)

Looks like u r indeed a gd bargain hunter. Is it better to keep for long term yield or sell at gd profit and hoping to buy back later after bubble burst?

Ideally, the latter its definitely better..the problem is it is quite impossible to catch the peak and buy at bottom during every cycle....

Many filthy richies tend to accumulate property wealth instead of buying and selling constantly.

Hi bro. I was just lucky. Anyway, I think that the next bottom will be higher than the previous bottom. So even if we sell now, it will be hard to buy back at the next low at the same prices, and that is provided there are people willing to sell. I remember that it was hard to hunt down a unit in the previous down as owners have a lot of holding power and are not willing to sell. Many who bought in the 2nd phase at a high price do not want to take loss at all unless they are forced to.

I cannot comment about your investment style but I will keep for long term investment as launch prices in CBD are going to reach the sky. The new launch prices translate to a best case scenario of 3-5% gross rental yield? If you can achieve much higher then why sell? Try to pay off asap and enjoy the monthly income . :cheers:

I heard from a few agents about this as well. Hurray :banana:

I am also vested in this project. Bought it during a bank auction in late 08.

Is that the 12 floor....I think I remember seeing that sell around $1200 PSF....if you are the lucky guy, you are indeed a very SUCCESSFUL bargainhunter!! :cheers:

Is that the 12 floor....I think I remember seeing that sell around $1200 PSF....if you are the lucky guy, you are indeed a very SUCCESSFUL bargainhunter!! :cheers:

Ahaha. Were you also there at the hotel for the auction bro? I will not disclose my unit but there were a few units for sale besides the 12th floor unit. :cheers:

Hi bro. I was just lucky. Anyway, I think that the next bottom will be higher than the previous bottom. So even if we sell now, it will be hard to buy back at the next low at the same prices, and that is provided there are people willing to sell. I remember that it was hard to hunt down a unit in the previous down as owners have a lot of holding power and are not willing to sell. Many who bought in the 2nd phase at a high price do not want to take loss at all unless they are forced to.

I cannot comment about your investment style but I will keep for long term investment as launch prices in CBD are going to reach the sky. The new launch prices translate to a best case scenario of 3-5% gross rental yield? If you can achieve much higher then why sell? Try to pay off asap and enjoy the monthly income . :cheers:

I appreciate ur advice as I only bot my first property in yr 2006 so i am considered a newbie. I kind of agree that future trough will be higher den previous unless future generation leaders of SG drags down our economy.

Jus a thought, will it be better to take a longer tenure and mabe let say 60-70% loan to take advantage of the leverage and improves cash flow especially for investment home? As long as our rental yield always stays above 5%, our actual return of investment(ROI) will be higher since for the past decade, mortgage rates was about 3-4% on average?

I appreciate ur advice as I only bot my first property in yr 2006 so i am considered a newbie. I kind of agree that future trough will be higher den previous unless future generation leaders of SG drags down our economy.

Jus a thought, will it be better to take a longer tenure and mabe let say 60-70% loan to take advantage of the leverage and improves cash flow especially for investment home? As long as our rental yield always stays above 5%, our actual return of investment(ROI) will be higher since for the past decade, mortgage rates was about 3-4% on average?

Hi bro. I started maybe only slightly earlier than you. Think we were just lucky to enter at the low end of a rising property market.

This question is too complicated for me liao. I think it really depends on your investment profile and risk appetite. I normally take a 50-60% loan for 10-15 years. So that I will incur less interest and pay off asap. It means that my whole rental amount is used to pay the monthly mortgage but I feel that its ok as I do not need the money now but some investors look at it differently and would prefer monthly cashflow. So it depends on how you wish to play the game. :)

Posted this on other thread also...

FEO aggressively selling 2 units on 30th floor of Clift (775 sq.ft.) for $2322 PSF ($1.8 million).

All Clift owners can happily wait for these caveats soon :)

Posted this on other thread also...

FEO aggressively selling 2 units on 30th floor of Clift (775 sq.ft.) for $2322 PSF ($1.8 million).

All Clift owners can happily wait for these caveats soon :)

I heard from a few agents about this as well. Hurray :banana:

I am also vested in this project. Bought it during a bank auction in late 08.

clift owners can wait for the potential launch of 3 residential projects along cecil street

I heard from a few agents about this as well. Hurray :banana:

I am also vested in this project. Bought it during a bank auction in late 08.

Looks like u r indeed a gd bargain hunter. Is it better to keep for long term yield or sell at gd profit and hoping to buy back later after bubble burst?

Ideally, the latter its definitely better..the problem is it is quite impossible to catch the peak and buy at bottom during every cycle....

Many filthy richies tend to accumulate property wealth instead of buying and selling constantly.

Hi bro. I started maybe only slightly earlier than you. Think we were just lucky to enter at the low end of a rising property market.

This question is too complicated for me liao. I think it really depends on your investment profile and risk appetite. I normally take a 50-60% loan for 10-15 years. So that I will incur less interest and pay off asap. It means that my whole rental amount is used to pay the monthly mortgage but I feel that its ok as I do not need the money now but some investors look at it differently and would prefer monthly cashflow. So it depends on how you wish to play the game. :)

u got ur point too...It all depends on our age, risk profile blah blah..
For me, I am more technical...believe more in figures, charts and statistics. For eg. I buy shares based on charting and do not look at fundamentals..:banana:

Its like some ppl r preaching older folks to invest in bonds (ops..mini bonds :ohno:) or invest fixed income unit trust.

Any idea when clift will TOP? Some say end of yr, some say middle next yr.

Last yr March, both clift and lumiere looks the same in terms of construction progress..However today i realise lumiere can TOP much earlier den Clift...wthhh

Any idea when clift will TOP? Some say end of yr, some say middle next yr.

Last yr March, both clift and lumiere looks the same in terms of construction progress..However today i realise lumiere can TOP much earlier den Clift...wthhh

Clift is end of 2010 according to FEO when they sent me the email advertising the 30F units for sale. Roughly the same as One Shenton.

Lumiere should be around June or July. Easier for them to move faster as each floor was 5 units (Clift has around 12) so vertical progress was faster.

tks bro.

last two units, heard, they are sold.

Wow, tats fast? 2.3kpsf??

Clift is end of 2010 according to FEO when they sent me the email advertising the 30F units for sale. Roughly the same as One Shenton.

Lumiere should be around June or July. Easier for them to move faster as each floor was 5 units (Clift has around 12) so vertical progress was faster.

wa, 12 units on a slingle floor and look at the floor plan, must be a big community on each floor, ha, ha.

cannot imagine the early morning life ride, might feel like inside mrt when u are out of ur house!

icon, sail sama sama..

Lumiere best for u la..ask overloaden to sell to u..jus joking

Nope. Not 2.3k psf. Around 2k psf only. If 2.3k psf, I rather buy from subsale right? Clift is like heating up like nobody business. Now asking is at least 1.8k psf for 2 bedders and 2k for low floor studio. Crap. How prices have moved !!! Can you imagine, a mid floor 2 bedders 775 sq ft sold for 1850 psf.

Anyone know 76 Shenton lanuch at what crazy price? Altez already 2200 psf for 1 loft mid floor with no view. I wonder if there is any bubble forming...






Wow, tats fast? 2.3kpsf??

wa, 12 units on a slingle floor and look at the floor plan, must be a big community on each floor, ha, ha.

cannot imagine the early morning life ride, might feel like inside mrt when u are out of ur house!

Icon has 6 lifts for each tower. Ok la :lol:

I still seeing agt advertising 1.7kpsf for 2bedder, 1.8kpsf for studio in propguru by Zaid

Any1 deal wif him b4? hehe

Those who bot 2bedder at 1.6kpsf last mth can haf sweet dreams liao.

I still seeing agt advertising 1.7kpsf for 2bedder, 1.8kpsf for studio in propguru by Zaid

Any1 deal wif him b4? hehe

Those who bot 2bedder at 1.6kpsf last mth can haf sweet dreams liao.

Should be low floor or more likely fishing ad.
Propnex likes to advertise lower than market price to generate calls.
from what i know only 2BRs are 11-02, 12-02, and 25-02 for sale as this is what my agent SMS me. think cannot get less than $1.85k.

If you notice Propnex always have 4-5 agents advertise for the same project but they all of them usually don't have direct stock. Make sure check with him if direct listing or co-broke with other agents. If co-broke then jus go n find owners agent urself as they also sure advertise one.

As far as I know, the cheapest (and only) 2BR sold at end January) was $1750 PSF. This was 14-02. Then as bro freelance said, developer sold 20-02 at $2000 PSF few weeks later after Altez launch.

Dont think any 2BR ever sold at $1.6k since initial launch. 2BR in Lumiere is premium stack and most owned by friends of developer or long term holders.

* EDIT - I just saw this guys ad. Flood whole page one hahaha. All say 'co broke oredi' which means just try luck one. This type of agent will piss off the other agents who have real units and eventually they will stop answering his calls. If I am seller I will just blank list him as he will just attract all el cheapo buyers hahaha

Tks bro for sharing!

Should be low floor or more likely fishing ad.
Propnex likes to advertise lower than market price to generate calls.
from what i know only 2BRs are 11-02, 12-02, and 25-02 for sale as this is what my agent SMS me. think cannot get less than $1.85k.

If you notice Propnex always have 4-5 agents advertise for the same project but they all of them usually don't have direct stock. Make sure check with him if direct listing or co-broke with other agents. If co-broke then jus go n find owners agent urself as they also sure advertise one.

As far as I know, the cheapest (and only) 2BR sold at end January) was $1750 PSF. This was 14-02. Then as bro freelance said, developer sold 20-02 at $2000 PSF few weeks later after Altez launch.

Dont think any 2BR ever sold at $1.6k since initial launch. 2BR in Lumiere is premium stack and most owned by friends of developer or long term holders.

* EDIT - I just saw this guys ad. Flood whole page one hahaha. All say 'co broke oredi' which means just try luck one. This type of agent will piss off the other agents who have real units and eventually they will stop answering his calls. If I am seller I will just blank list him as he will just attract all el cheapo buyers hahaha

You will always notice that when a project or market is hot. Just look at Sail - not really 542 units for sale like listed in that website...just 400 agents advertising the same 50 units...you can call 300 of them and just get told abt the same units.....which btw is worse for u as a buyer cos it makes seller think got so many ppl calling cos all his agents will call him up and tell him abt you :lol:

Nope. Not 2.3k psf. Around 2k psf only. If 2.3k psf, I rather buy from subsale right? Clift is like heating up like nobody business. Now asking is at least 1.8k psf for 2 bedders and 2k for low floor studio. Crap. How prices have moved !!! Can you imagine, a mid floor 2 bedders 775 sq ft sold for 1850 psf.

Anyone know 76 Shenton lanuch at what crazy price? Altez already 2200 psf for 1 loft mid floor with no view. I wonder if there is any bubble forming...


sailowner, heard is slightly below 2200psf

You mean for Clift? Yup. I went to check with a friend working for FEO. He confirmed 2 units sold around 2200 psf. Don't know why he didn't get from subsales. I thought is cheaper? But the 2 units are high floor > 30th but below 35th. I wonder how come people still subsale below developer price.




sailowner, heard is slightly below 2200psf

Don't know why he didn't get from subsales.

Likely foreign buyer. Sometimes prefer direct from developer no matter higher price or not.

Any idea when this project TOP? Looks good to me.

Any idea when this project TOP? Looks good to me.

Should be December.

More than $2000 may as well buy Sail.....

I don't know if 2100 psf can buy sail now. Studio for Clift are smaller so quantum is smaller. Looks good in terms of quantum. 527 sq ft @ 2000 is close to 1 mil. Just my thoughts.




More than $2000 may as well buy Sail.....

I don't know if 2100 psf can buy sail now. Studio for Clift are smaller so quantum is smaller. Looks good in terms of quantum. 527 sq ft @ 2000 is close to 1 mil. Just my thoughts.

2100psf maybe still can find units, rare. Just like finding MBR @ 2400psf. But MBR quantum higher even same psf cause size bigger. Btw I had receive letter for MBR.

You will always notice that when a project or market is hot. Just look at Sail - not really 542 units for sale like listed in that website...just 400 agents advertising the same 50 units...you can call 300 of them and just get told abt the same units.....which btw is worse for u as a buyer cos it makes seller think got so many ppl calling cos all his agents will call him up and tell him abt you :lol:

Yup, quite true. I had gotten 2 cheque for one of my unit. From different agents but same buyer.