Date : 14 August 2006 2042 hrs (SST)
Source : http://www.channelnewsasia.com/stories/singaporebusinessnews/view/224815/1/.html

SINGAPORE : Wing Tai is buying a freehold site located beside the Kallang River Side Park for S$44.6 million.

It plans to develop the 35,000 square feet site into a residential property development.

The site has a gross plot ratio of 3.5 times.

Approval has already been given for a 30-storey block of about 100 apartment units on the site.

Wing Tai has developed more than 70 projects in Singapore and in the region, including Newton 18 and Maplewoods.

- CNA /ls

interesting :happy:

Guess it will have nice views. There used to be a furniture warehouse or something on the site.

The location as indicated on this pic taken by hyacinthus:

http://img.photobucket.com/albums/v427/rotpics03/Kallanghya.jpg

I see... that's the location.

Think it'll be more expensive than City Square / Citylights / Southbank.

It has a lovely view indeed. :)

I dont think it would severely block the view of Citylights or others at Lavender.

The site is already indicated on URA Masterplan....but I must say...it seems in the middle of nowhere!

Of course more residential condos could come up in that area in future :yes:

ya. just a single 30-storey block.

It's within walking distance to Kallang MRT station and only 100 units. Think there'll be strong interest in this project.

Just the small plot at the corner or the whole triangular promontory? :?

Just the small plot at the corner or the whole triangular promontory? :?

The land looks really tiny but I think only that piece is freehold land which they can use for this project. Hope they can build a pool and tennis court at least. The rest of the land in Kampong Bugis may be leasehold i.e., belong to the govt.

Any updates on this?

I think Kg Bugis had a history longer than British Singapore?

Any updates on this?

I think Kg Bugis had a history longer than British Singapore?

Till today, some people believe that Raffles had landed at Kg Bugis/Rochor River in 1819 instead of the Singapore River.

http://infopedia.nlb.gov.sg/articles/SIP_131_2005-01-03.html

"Cho Clan Archives - Records highlight that Raffles had the ship's carpenter, Chow Ah Chi, set up the East India Company flag on Singapore. The Toisan Cantonese from Penang reportedly landed on the banks of the Rochore River and Raffles would consequently have followed his vanguard's route and probably landed at the Kallang Basin rather than the shores of the Singapore River. "

Anyway, that plot of tiny land is still fenced up and there are no activities yet.

Okay, this sounds wierd, but ...

ya. just a single 30-storey block.



So short?:D

So..... um.... ulu...

So..... um.... ulu...

Now it maybe ulu but the whole Kg Bugis area has been designated for waterfront residential living according to the master plan. In time to come, the place would be developed.

The site has just been boarded up today and there is sign of a showflat being built at the Kallang Riverside Park next to it.

I think this project should be launching soon.

It'll be interesting to see how much it'll be priced then. Guess it'll be better for me to wait before thinking of doing a sub-sale for my Southbank unit. My agent called today to say that another agent interested to sell for me if I would share half of anything beyond my expected price ...and that's on top of a 2 % commission. Wow...seems easy money for them. Maybe Arthur can tell us how it's working now for agents nowadays.

It'll be interesting to see how much it'll be priced then. Guess it'll be better for me to wait before thinking of doing a sub-sale for my Southbank unit. My agent called today to say that another agent interested to sell for me if I would share half of anything beyond my expected price ...and that's on top of a 2 % commission. Wow...seems easy money for them. Maybe Arthur can tell us how it's working now for agents nowadays.
1% is the normal rate. if we can get an offer that is really over the market rate, we will discuss with seller do they want to reward us more. 2% is between seller and agent private agreement. anything more than 2% is also private agreement.

Thanks Arthur, I think esp now that property market is hot, the commission scheme is also getting flexible. It makes me think that giving my agent the exclusivity is quite redundant now... Anyone shares similar experiences with their agents?

In this market ... unless u know the agent well and the agent is trustworthy ... Like our fav Arthur ... else better dont ...

Try this formula ... price fixed as last comparable sold price ... (plus some percentage points if the last sold price is some time ago and doesnt reflect the current) ...

For example ... if you are selling Southbank ...

Last sold price is $700 psf (say only ok ?) ....

You can mark the price as $770 psf anything at that ... agent get 1%.
Anything above $770 psf ... agent gets say 5% of the excess amount ...

This formula tends to drive the agent all the way to get you the BEST price ...because they get ALOT more ... and it is fair .. since the excess is only possible with them getting someone to pay in excess of market ...

Dont ask me how they do it ... thats their trade secret ... but make sure your buyer dont read my this post ... haha!

YFG ... ...

When is WingTai launching/soft-launching this project?

When is WingTai launching/soft-launching this project?
Should be very soon as the promotional boardings are up now. I passed by recently and saw that they had named this new condo as the Riverine By The Park. Also noticed that their main selling point is "The Only Freehold Waterfront Condo in Greater Marina Bay", making an obvious dig at the Sail, MBR, One Shenton etc.

The Riverine

Location: Kallang Road
Tenure: Freehold
Site area: 35,323 sqft
Total units: 100 (30 storey)
Unit types:
*2 BR ~ 1000 sqft
*3 BR ~ 1200 to 1370 sqft
*4 BR ~ 1760 sqft
*Penthouses ~ 1800 to 2640 sqft
Price: expected $1200 psf

Email lushhome@gmail.com for more information
When is the showflat opened?

Also noticed that their main selling point is "The Only Freehold Waterfront Condo in Greater Marina Bay", making an obvious dig at the Sail, MBR, One Shenton etc.

"Greater Marina Bay"??? They are kidding right? Leave it up to the Hongkies to display such thick skin.:lol: :lol: Kallang is Kallang. They really have to launch it in HK and Jarkata now to unsuspecting buyers. How else are they going to hide those old factories and warehouses in Kallang area from sight of the buyers? Plus 2 mins away is the famous red lights, easily seen from Kallang Riverside Park. How siah? Geylang now also considered Greater Marina Bay arh?

ps:- Maybe Wing Tai will market their Newton Meadows site as "The Only Freehold Luxury Condo on Elevated Land in Greater Orchard Road". Quick, before Elmira Heights en blocs!

pps:- When Far East launched their condo on Alexandra Road, people asked them why did they call it Tanglin View when it is not in Tanglin. Their reply: because we have a beautiful view of Tanglin from our penthouse what!

"Greater Marina Bay"??? They are kidding right? Leave it up to the Hongkies to display such thick skin.:lol: :lol:
Can't blame them as it is nearly an official term now. Both the URA and the Minister for National Development had used the term "Greater Marina Bay" to describe the area:

http://www.ura.gov.sg/pr/text/pr06-52.html

"27 JULY 2006

GREATER MARINA BAY GETS MORE VIBRANT WITH WATER ACTIVITIES AND EVENTS

The Urban Redevelopment Authority (URA) today unveiled an inter-agency plan to bring greater vibrancy and activity to the waters of Marina Bay, Marina Channel, Kallang Basin/Kallang River and Singapore River – collectively making up Greater Marina Bay."

Kallang Basin then Tanjong Rhu also included arh?

Kallang Basin then Tanjong Rhu also included arh?
I suppose so, since it is sitting next to the up-and-coming Marina Reservoir.

Marina Bay (or Greater Marina Bay) has 3 portions: namely Marina South, Marina Centre and Marina East. Kallang Basin and Tanjung Rhu are Marina East.

Physcially, the entire waterfront area will be developed seamlessly by NParks & PUB. As Kallang Basin forms part of the upcoming Marina Reservoir, its environment will have to be upgraded.

http://straitstimes.asiaone.com/STI/STIMEDIA/sp/PLAN/PLAN.jpg

Still no renders?

[QUOTE=robinsonscentrepoint;12274637]"Greater Marina Bay"??? They are kidding right? Leave it up to the Hongkies to display such thick skin.:lol: :lol: [QUOTE]

I guess it's part of the Singapore developers' tendency towards euthemistic hyperboles - in order to shift units (esp in the foreign market), everything is "central" (FEO), "City/Citi" or XXX View (insert prestiguous neighbourhood).

What irks me most are names that does not stretch creativity too much (e.g. THE Orchard or Park Green - where the hell is that?) or doesn't make any sense from the aesthetic as well as the locational point of view. Eg "Axis@Siglap" - borrowed from George Bush's speech?

Riverine By The Park sounds nice enough, though, something that will at least stand the test of time, compared to obiang names like "Hawaii Towers" or "Tulip Gardens" :lol:

actually its neither too far nor within walking distance to kallang mrt station for me, so if i were a buyer, there'd be a huge internal struggle between driving and taking the mrt. its like... at least... 8 minutes walk? with no shelter from the sun. anything more than 4 minutes of walking warrants re-consideration. eg my block to the carpark.

Walk? Take MRT?

Whatever happened to the private yachts and bumboat ferries? Riverside living right?

i suppose it is in between kallang and lavendar mrt? it looks to me it's nearer to lavendar though.

*bows* to robinsoncentrepoint.. you must have noted that the immigrations is just next door at lavendar right?

It's nearer to Kallang station.

http://www.streetdirectory.com/asia_travel/travel/travel.php?ismap=1&starmode=1&buildingid=26175&masterid=1&x=31720.527181481&y=32351.054261111&star=1&level=4?277,253

http://img.photobucket.com/albums/v427/rotpics03/Kallanghya.jpg

actually its neither too far nor within walking distance to kallang mrt station for me, so if i were a buyer, there'd be a huge internal struggle between driving and taking the mrt. its like... at least... 8 minutes walk? with no shelter from the sun. anything more than 4 minutes of walking warrants re-consideration. eg my block to the carpark.
If I remember correctly, there could be a shortcut to the Kallang MRT via the underpass below the road bridge over Kallang River. It might not be too far to walk to the MRT.

*bows* to robinsoncentrepoint.. you must have noted that the immigrations is just next door at lavendar right?

Geylang also very near by Immigration Building. You never see the number of foreign talent there? All flouting their immigration status as students....:lol:

They will have to allow water vehicles at Riverine, and at other waterfront residential projects in Sentosa, Keppel Bay, River Valley (hopefully), etc. In fact water transport was one of their selling points. Otherwise waterfront living for what? See no touch? :lol:

Geylang also very near by Immigration Building. You never see the number of foreign talent there? All flouting their immigration status as students....:lol:

They will have to allow water vehicles at Riverine, and at other waterfront residential projects in Sentosa, Keppel Bay, River Valley (hopefully), etc. In fact water transport was one of their selling points. Otherwise waterfront living for what? See no touch? :lol:

good sense of humour you have there.:lol: :lol:

Did our SSC's Arthur write this for the Business Times?

Wing Tai lining up 3 new launches

By ARTHUR SIM

WING Tai Asia will roll out at least three new residential launches over the next few months including two on recently acquired collective sale sites.

http://www.businesstimes.com.sg/mnt/media/image/launched/2007-03-29/BT_5932889_28_03_2007.jpg

Riverine by the Park: Set for April launch. On pricing, Wing Tai plans to take its cue from new projects nearby.

Helios Residences on the former Phoenix Mansion site at Cairnhill Circle will be launched in May while the yet-to-be-named development on the former Belle Vue site at Oxley Walk will be launched in July.

The third development will be The Riverine by the Park on Kallang Road, to be launched in April.

Wing Tai deputy chairman Edmund Cheng would not reveal launch prices but said that it would take its 'cue' from new properties in the same vicinity.

Wing Tai bought Phoenix Mansion for $57.9 million or $716 per square foot per plot ratio (psf ppr) in July 2005 and Belle Vue for $227.3 million or $665.95 psf ppr three months later.

Although it has helped to boost the collective sales market here - with the $1,369 psf ppr price it paid for Ardmore Point in October last year, and more recently paying $1,650 psf ppr for Anderson 18 (with City Developments) - Wing Tai does feel that owners' price expectations for collective sale sites are getting quite high.

'They are asking for prices that are higher than what developers are selling,' said Mr Cheng. 'I think they have to be a bit realistic also,' he added.

Still, as Mr Cheng conceded, the sentiment in the market is, 'good'. 'The market is strong and economic growth is there. Singapore is transforming from a local to a global market, so of course your asset will have a global value,' he added.

On future acquisitions, Mr Cheng said: 'We will continue to see how the market develops. If the market continues to be strong, we will respond and consider if there is economic viability or not.'

Wing Tai does already have a sizeable stable of new products. In April 2006, it acquired a large development site with NTUC Choice Homes in Tanah Merah and Mr Cheng says that this development, which will have around 500-units, will also be launched this year.

The new development on the site of Newton Meadows, acquired in May 2006, could also be launched this year, he said.

In the 'super, super luxury' segment, Wing Tai is expected to launch the new developments at Ardmore Point and Anderson 18 early next year. These will be two separate developments, Mr Cheng said, quelling speculation that both sites could be amalgamated.

Other high-end products that Wing Tai has on the market include The Light @ Cairnhill and VisionCrest Residences. The former is almost fully sold while the latter is more than 50 per cent sold. For its high-end developments, foreigners make up about 50 per cent of the buyers, Mr Cheng revealed.

Different Arthur. The Arthur here is Arthur Kwok.

http://www.wingtaiasia.com.sg/images/riverine/main.jpg
http://www.wingtaiasia.com.sg/images/riverine/map.gif

I still can't believe that location was described as , " The only freehold waterfront living in the Great Marina Bay" ! It's more like a waterfront living along a canal from Kallang river.

I still can't believe that location was described as , " The only freehold waterfront living in the Great Marina Bay" ! It's more like a waterfront living along a canal from Kallang river.

Agree, picture is quite deceiving....:bash:

I still can't believe that location was described as , " The only freehold waterfront living in the Great Marina Bay" ! It's more like a waterfront living along a canal from Kallang river.

Canals are not wide enough for speedboats and wake-boarding. That area next to Riverine is a real river instead of a typical canal. It even come with sandy beaches and coconut trees. I used to canoe there often some years back.

Canals are not wide enough for speedboats and wake-boarding. That area next to Riverine is a real river instead of a typical canal. It even come with sandy beaches and coconut trees. I used to canoe there often some years back.



Wide enough for Coast Guards patrol boats going at high speed? :)

wah... if not happy dont come and wack me hor. :)

like I said, one's man treasure is another's poison.


So is The Riverine By The Park worth buying?

So is The Riverine By The Park worth buying?
i wont buy. i juz realised riverine is located in district 12:lol:

So is The Riverine By The Park worth buying?

that area has development potential. my gut feeling is that the new National Stadium would kickstart the government's Master Development Plan for the whole area.

just think of The Sail back when it was launched...

i wont buy. i juz realised riverine is located in district 12:lol:

Me too. It should be priced slightly above avaerage Geylang property prices at best, but not a lot more.

Me too. It should be priced slightly above avaerage Geylang property prices at best, but not a lot more.

wah.. this is a slap to the face of those who bought man!! :lol: any ideas what nationalities bought? cannot be local, right?

I predict this place to be the gathering for foreign maids Sunday outings.I will tell my maid to go there for picnics.

Wide enough for Coast Guards patrol boats going at high speed? :)
When the Police Coast Guard Kallang Base was still at the mouth of Kallang River, their vessels never sail up to that part of the river next to Riverine cos they don't need to but they sure can go there. However, I have been there in small navy boats powered by outboard motors. You can see speedboats pulling wake-boarders every weekend, with the occasional wake-board festival fun carnivals.

The river there is wide enough for water sports activities and it is usually litter-free. This is unlike the "river" (meaning "canal") found next to condos like Domain 21, Tribecca etc. which developers sold as "waterfront living".

Even then, the price is too high for such a locality.

I predict this place to be the gathering for foreign maids Sunday outings.

Foreign maids together with labourers from the Indian sub-continent might have already found an alternative place to Orchard Turn for their Sunday outings..... check out the Marina Bay area from the section under the Benjamin Sheares Bridge to the Singapore Flyer on Sundays and you might get a big shock. That place is always littered with the rubbish they left behind .... at least that was the shocking scene I saw some months ago when I drove past that area on a Sunday afternoon.

I thought the Thai likes to gather at the Kallang Park...

wah.. this is a slap to the face of those who bought man!! :lol: any ideas what nationalities bought? cannot be local, right?errr.... dont normally bother about project that i dont believe in hence to date i didnt even step in Reflection. I even ask my client to go themselve to see the Reflection. all my info on Riverine is from my colleague. Thank for you view in Sentosa, finally now i see why so many ppl buying Sentosa and not Caribbean.

I thought the Thai likes to gather at the Kallang Park...

They gather at Beach Road, Golden Mile and the Crawford HDB estate. Dun think they wander off to Kallang Riverside Park nowadays.

I thought the Thai likes to gather at the Kallang Park...


Now that you mentioned it ..... yes it is true. I saw them cooking along the riverside (opposite Southbank) 4 months ago. They quickly hide their cooking when they see me (and my family), so I can't see what they cook. I hope they are not cooking rats!

I don't discriminate foreign workers.

District 12.:ohno:
Part of Geylang.

District 12.:ohno:
Part of Geylang.

Overall, I don't really like the location.
Selectively, I can accept the stack that faces the city.

But at this price ..... there are better buys with lower risk.

Do you consider The Riverine By The Park a good buy?

i don't know this area at all, but find the prices to be toppish. in total agreement with your views.

For this project, it has priced in any short term potential capital gain, therefore buyers will not be able to profit from resale. Worst still, by the time project is completed by 2010 onwards, the market might have turned and they would suffer a 30% depreciation in value. This applies to most other potential new launches particularly those that is based on enbloc at high price.

Hi Arthur, saw that you post here and signed up to send you a mail. Prefer you keep my name and details confidential on the public board, but you sold me one of the last Caribbean developer units (July '06, I think). Everyone, Arthur really is a great agent in all the important things: knowledgeable, impartial and diligent.

I also wanted to chime in with one observation that may be useful to share with other budding investors: Its basic but worth hammering home: When buying the only important thing is future demand relative to future supply.

A lot of the comments here talk about traditional prime being the best (districts 9,10,11), and yes there is limited supply and strong demand for these areas. However, there are also in total tens of thousands of current units in these areas, and the potential to supply twice as much via en-bloc. Orchard, Draycott, Ridley, Ardmore are names with far less supply and even higher demand from the local rich and visiting foreigners that have the money for the most exclusive. Someone who deals very high end told me that it’s not uncommon common for China buyers to ask where the most expensive property is and then casually ask the agent to find them ‘a few of these’ and buy, sight unseen. This apparently also happens in HK, London and Australia.

Singapore is maturing as a market, and the next step is that buyers will pay sky high prices for the truly rare, and the price premium of the rare over the “fake- exclusive” (or faux exclusive as they would probably say) will rise. This is the difference between reproduction art and the original, the former can be stamped out in unlimited quantities while there is only ever one original.

This is also the difference between buying Versace and Saville Row tailoring. Mass market buyers think a suit from the former is exclusive at $1,000, (it’s not - Versace will sell as many as you want and you will run out of money before they run out of suits). In contrast, the truly rich may pay $10,000 for a bespoke suit, and think nothing of it.

Sentosa property is truely rare and in my view has room to appreciate a lot more. The same for unblocked water facing units at the Sail and the Reflections. Both developments have great views, a unique lifestyle and supply that is a small fraction of future potential demand (Islandwide supply of units with similar views may be under 1,000. Global demand unknown, but a lot more than 1,000!). IMHO, sea facing units on the East Coast are not particularly rare, nor do they have a great views or a unique lifestyle. So i believe the price difference between the former and latter will grow dramatically over time.

I’ve not seen Riverine, but here’s the little snippet I wanted to leave to the posters here. Don’t analyse this development by whether Kallang or Greater Marina Bay is worth that price. Ask instead:

“If the prices are 1.5K psf, why is this so?”

Is it because of the views or because of spillover hype? Having not seen the development, I won’t comment. However, if it’s the former, there is the possibility that it’s worth it. If its just hype overflowing from Marina Bay, it is probably not, because there are thousands of properties that have the same approximate location and features.

If a foreigner pays 1.5Kpsf for Riverine, he may do so without knowing much about Singapore and (unlike the very knowledgeable posters here) thinking he should be buying Aspen Heights instead. However, he may also be looking at it with fresher eyes than ours to see value in of the location or the view instead of being ‘suburb bound” like us local investors.

Who would have though Sentosa or Marina Bay could command 2,000psf 2 years ago? Not “suburb bound” investors, but rich locals looking willing beyond traditional areas for a better lifestyle, and foreigners with fresh eyes and no baggage about which areas to buy. Canary Wharf in London is the same, local Londerers who scoffed at HSBC for moving there will certainly be paying attention to the fact that HSBC just sold their building for USD1b profit!

^^ Pls use PM:bash:

^^ Pls use PM:bash:

Dear Kurakua

Thanks for your opinion, which I value but disagree with. If you read my post you will see:
1) Its 100% aboput property
2) Its specifically shares an opinion about Riverine and Kallang

The mention about Arthur is to say that I have personal experience with him and have found him knowledgeable and impartial. I believe this is a useful comment given it looks like he is a frequent poster here, and some people who have not dealt with him may wonder if he has pushes his own project (I don't think he does).

I agree my post is not 100% about Riverine, but its been like that for a few pages.

If the moderators think my post should be deleted, please let them do so. I am merely sharing an opinion in reply to some earlier posters in the thread, and don't have any thing to gain by posting. Cheers and good health :cheers:

I agree my post is not 100% about Riverine, but its been like that for a few pages.

If the moderators think my post should be deleted, please let them do so. I am merely sharing an opinion in reply to some earlier posters in the thread, and don't have any thing to gain by posting. Cheers and good health :cheers:
Actually I thought your write-up is quite an interesting read and completely relevant to this thread! There is a possibility that the buyers of Riverine could be looking at the area with fresher eyes than ours in view of the coming hype for the Sports Hub, the view of the city, the accessible transportation along a major thoroughfare to the city and the east, etc.....

Some said it is located in D8, but others said D12:? Where is it actually located :)

Geylang lah!

Some said it is located in D8, but others said D12:? Where is it actually located :)

District 12.

FWIW, I asked a cabbie where has the best access to the Marina Bay IR and he said it would be quicker to go from Katong than half the places in the Marina area itself!

That's because the new bridge is not up yet!

... not some ... many of the agents/flippers list in the Districts 1-8 category.

Southbank: District 7
Citylights: District 8
The Riverine By The Park: District 12

I think this will be the most expensive D12 property so far :ohno:

I think this will be the most expensive D12 property so far :ohno:

Actually not so bad as it's at the edge of D12 and at the fringe of D8 & D7. At least it is separated by the Kallang River from the Geylang streets, so can still disguise itself as D8. Even then, it's price is the highest in D7, D8 as well.

does this project have a website?

Actually not so bad as it's at the edge of D12 and at the fringe of D8 & D7. At least it is separated by the Kallang River from the Geylang streets, so can still disguise itself as D8. Even then, it's price is the highest in D7, D8 as well.

I like this project as:


It is so near to red light district but just out of it
So near to stadium and just out of it which will not affect by the traffic jam.
Near to downtown, but just out of it, no CBD problem if you are not go in there.
Convenience route to Marina bay.
A river park is free of charge just at your rear gate.
Good view if you have a good unit….You can enjoy all these life styles at the reach, and yet the location is so excusive and serene.

Any negative points are welcome. :)

does this project have a website?

http://www.wingtaiasia.com.sg/riverine.php

I like this project as:


It is so near to red light district but just out of it
So near to stadium and just out of it which will not affect by the traffic jam.
Near to downtown, but just out of it, no CBD problem if you are not go in there.
Convenience route to Marina bay.
A river park is free of charge just at your rear gate.
Good view if you have a good unit….You can enjoy all these life styles at the reach, and yet the location is so excusive and serene.

Any negative points are welcome. :)

There are +s and -s

The -s are:
1. You go into the ERP gantry when you get out.
2. City view will be blocked by the next plot(s).
3. District 12 at higher-than-District-7 pricing.

The -s are:
3. District 12 at higher-than-District-7 pricing.

Some district 13 also higher than district 8. Some district 16 higher than district 15. Some district 8 also higher than district 7.

In the prime districts, some district 11 also higher than district 9. Some district 4 are higher than district 10.

So what's your point? :?

Some district 13 also higher than district 8. Some district 16 higher than district 15. Some district 8 also higher than district 7.

In the prime districts, some district 11 also higher than district 9. Some district 4 are higher than district 10.

So what's your point? :?


I am not aware of any average13 higher than average8 or highend13 higher than highend 8. I am also not aware of any average16 higher than average15 or highend16 higher than highend 15.

I am not aware of any average11 higher than average9 or highend11 higher than highend 9.

Should 7 be higher than 8?
Should 10 be higher than 4?


My point is "the price gap between freehold The Riverine By The Park and 99-leasehold Southbank or 99-leasehold Citylights is too big".

I will ear mark Riverine when the next burst occur.

Developments like Citylight, Riverine, Rivergate etc try to project as waterfront or water view type of developments! I feel that the true waterfront projects are the marina residence, reflection, sentosa cove, caribbean, sails and costa del sol. The rest are just trying to play on current theme.

I think it's launching very soon

http://i206.photobucket.com/albums/bb31/sl2chong/CRW_1910.jpg

http://i206.photobucket.com/albums/bb31/sl2chong/CRW_1896.jpg

http://i206.photobucket.com/albums/bb31/sl2chong/CRW_1895.jpg

http://i206.photobucket.com/albums/bb31/sl2chong/CRW_1899.jpg

http://i206.photobucket.com/albums/bb31/sl2chong/riverine-try.jpg

^^ looks fake

lol, It's fake what. Just a model,lol

lol, It's fake what. Just a model,lol

this gotta be the funniest post of this board I've seen.... :lol: :lol:

I think this is designed by Mok Wei Wei

The ingress or egress should be from the main road only, but maybe in future, the internal road network could serve this development

^^ looks fake

Yap, they are fake, photoshopped pictures from Riverine model.

http://i206.photobucket.com/albums/bb31/sl2chong/CRW_1901-1.jpg

http://i206.photobucket.com/albums/bb31/sl2chong/CRW_1900.jpg

Well, though they all fake, but all are original and authenticated, nowhere else you can find except at SSC. You are the few have the first viewing on them. Hahaha… :cheers:

http://img100.imageshack.us/img100/3232/crw1980ni2.jpg

http://img100.imageshack.us/img100/3232/crw1980ni2.jpg

Mesmerizing view.... should be pretty accurate an image they got there.

Hi all. My client like the Riverine very much. But when I told her the price of a 3 bedroom unit, I saw her jaw dropped :nuts: So anyone here bought a unit?

Just curious how much was 3 rooms that you told her?
What does her love about this project?

Is this officially launched, anyone? :nuts:
I did not recall seeing the advert on the paper. Checked Wing Tai web, it shows in upcoming project!!! :weird:
The show room was opened for more than 2 weeks? I saw Century21 agent was there sold 3 rooms unit to a client on the 1st Sunday when the show room opened. What is going on? :crazy:

Please help me -- a new comer in this arena :clown: Those pictures I posted were taken before the showroom open, sneaked in at weekend. :gossip:

Hi Just Started,

A new condo is usually available for sale before its official launch.

Go to www.google.com and search for "Riverine by the park" (type in the quotes too) and the results show pages to agent-related websites stating that the condo is available for sale, and giving you the agents' contact numbers.

wees8, thank you. :-)

In today's Sunday Times' article "Hot spot: Kallang Basin", a portion reads:


The Riverine by the Park, which Wing Tai started selling in April, saw strong interest and is now fully sold. Located near Kallang Riverside Park, it is close to the city centre.

Asking prices in the sub-sale market have surged to as much as $2000 per sq ft (psf) for a penthouse unit.

Wow, fully sold without even advertising for sale. :lol:

In today's Sunday Times' article "Hot spot: Kallang Basin", a portion reads:


The Riverine by the Park, which Wing Tai started selling in April, saw strong interest and is now fully sold. Located near Kallang Riverside Park, it is close to the city centre.

Asking prices in the sub-sale market have surged to as much as $2000 per sq ft (psf) for a penthouse unit.

Wow, fully sold without even advertising for sale. :lol:

May be Singapore's condo are really under-priced that people have so much confident on this property .... that the forumers could had been wrong for being so sarcastic on this project in the past ?

Anyone can give me your opinion :
I want to buy one unit in Kallang as investment. Riverine price is now $1.5-1.6k psf; Citylights/Southbank are both at $1.0-1.1k psf. Which one has more room to rise? It seems that Citylights has more room - it may rise to $1.5k psf easily after TOP. But it may be difficult for Riverine to rise to $2.0k psf in 2008.

Did anyone notice that Riverine is not in the URA cavaets website? Isnt it weird considering all units sold?

Did anyone notice that Riverine is not in the URA cavaets website? Isnt it weird considering all units sold?

It can take 2 to 3 months for the caveats to be lodged. I guess the caveats will start appearing soon, maybe this week or next week.

http://www.wingtaiasia.com.sg/images/riverine/main_fullysold.jpg

Anyone can give me your opinion :
I want to buy one unit in Kallang as investment. Riverine price is now $1.5-1.6k psf; Citylights/Southbank are both at $1.0-1.1k psf. Which one has more room to rise? It seems that Citylights has more room - it may rise to $1.5k psf easily after TOP. But it may be difficult for Riverine to rise to $2.0k psf in 2008.

Recent Transacted Price for CITYLIGHTS

CITYLIGHTS Jellicoe Road # 1852 sqf $1,170,900 $633 psf June-07

CITYLIGHTS Jellicoe Road # 678 sqf $1,160,000 $583 psf June-07

CITYLIGHTS 80 Jellicoe Road #25-02 1345 sqf $1,160,000 $862 psf 4-Jun-07
CITYLIGHTS 88 Jellicoe Road #27-25 925 sqf $820,000 $886 psf 30-May-07
CITYLIGHTS 80 Jellicoe Road #33-04 1356 sqf $1,290,000 $951 psf 30-May-07
CITYLIGHTS 88 Jellicoe Road #23-22 678 sqf $650,000 $959 psf 30-May-07
CITYLIGHTS 88 Jellicoe Road #14-25 947 sqf $770,000 $813 psf 28-May-07
CITYLIGHTS 86 Jellicoe Road #12-17 688 sqf $578,000 $839 psf 28-May-07
CITYLIGHTS 88 Jellicoe Road #16-25 893 sqf $803,000 $899 psf 28-May-07
CITYLIGHTS 90 Jellicoe Road #15-28 871 sqf $730,000 $837 psf 25-May-07
CITYLIGHTS 80 Jellicoe Road #37-02 1410 sqf $1,150,000 $816 psf 23-May-07
CITYLIGHTS 86 Jellicoe Road #21-19 559 sqf $425,700 $761 psf 21-May-07

吴汉钧
联合早报
2007-06-29

根据650万人口规划新加坡，当然得安排足够的住屋，政府接下来除继续发展榜鹅及盛港组屋区，也开始把目光聚焦于滨海南和加冷煤气厂旧址一带地段，发展更多市区住宅。

国家发展部长马宝山本星期一受访时透露，加冷煤气厂旧址一带是发展市区住宅的另一个重点地段。由于这个地区衔接中央商业区和巴耶利峇区域中心，具备发展潜能，而且毗邻加冷河畔公园，环境优美，他相信那里会是个受欢迎的市区住宅地段。

马宝山说：“那一带刚好在市区边缘，不在市区内，就好像是进入市区的大门。我们希望那里会有办公室、SOHO（居家办公单位）项目、零售和娱乐设施、酒店等。那里也靠近加冷河，有发展河畔住宅的潜能。”

市区重建局正在考虑的地段，南北以尼诰大道和加冷路为界，东西以哥罗福街和沈氏大道为线，与体育城为邻，整个地段涵盖旧加冷机场、加冷河、加冷河畔公园及加冷煤气厂旧址。

加冷煤气厂俗称“火城”，拥有130多年历史的煤气厂拆除后，那一带就一直是个定位相当模糊的地区，没有明确的发展蓝图。

不过，近年来附近出现许多发展计划，使加冷煤气厂旧址一带的发展逐渐明朗化。这些发展计划包括嘉德置地在劳明达的瓅之尚都（Citylights）、华业集团位于新桥路的Southbank和永泰控股位于加冷路及加冷河畔的Riverine By The Park，位于加冷路及捷利歌路（Jellicoe Rd）之间的地段最近也被列为酒店发展备售地段。

滨海湾公园周围地段将发展成优质住宅区

另外，滨海南围绕滨海湾公园（Gardens by the Bay）周围的地段将发展成优质住宅区，这些住宅的居民将拥有无敌海景和公园风景。

马宝山在访谈中畅谈2001年发展概念总蓝图（Concept Plan 2001）需要进行中期检讨的缘由，以及政府打算如何规划下来五年的发展总蓝图（Masterplan 2008）。

概念总蓝图勾画出未来40至50年的土地规划发展大方向，每10年检讨一次。2001年概念总蓝图原定2011年检讨，不过这几年来人口和经济发展变化迅速，市建局因此决定今年展开中期检讨。发展总蓝图则是每五年修订一次。

对于新加坡人很关注650万人口的问题，马宝山知道这引起了一些人的焦虑，他重申这并不是政府的目标，而是规划时的依据。不过，他也认为，新加坡要维持经济和社会活力，就有需要增加人口。

今年2月，以650万人口作为新加坡未来四五十年的规划依据的消息见报后，很多人关注新加坡是否容纳得下这么多人。人们担心地比香港小、人口一旦和香港一样多的新加坡是否还能提供人民负担得起的住屋，人民是否都要挤小房子、缺乏休闲空间等现实问题。

他说，规划需要根据一些假设才能进行，规划师没有目标就无从下手。在考虑了人口增长趋势、各领域的成长后，确立了650万人口的规划依据。

“在可预见的未来，根据我们知道的技术——不论是往空中发展还是往地底开挖，根据我们的土地储备，根据我们对学校、公路、地铁、蓄水池、武装部队、办公楼、污水处理站、公园等细节的规划，我们可以安顿好这些人口。”

2001年概念总蓝图是以550万人口作为规划依据，当时人口只有390万左右，目前已增加到将近450万。一些分析家认为，新加坡有可能在20年内达到650万人口，马宝山基于人口增长的不可预测性，不苟同这样的看法。

马宝山也谈到巴耶利峇和裕廊东区域中心的发展，以及政府会如何通过规划促进新加坡的休闲生活及打造一个人人钟爱的家园。

eeerrrrrr translation please? :)

Under the 6.5 million population planning in Singapore, of course, will have to arrange adequate housing, In addition to the continued development ...

...also began to turn their focus on Marina South and Kallang Old Gas plant site along for more urban residential development. National Development Minister Mah Bow Tan on Monday, revealed that the old gas plant site area is another highlighed development of urban residential areas . Because this area of convergence of CBD and Paya Lebar regional center, which has development potential, with the adjacent Riverside Park and beautiful environment, he believes it will be a popular urban residential areas.

Mah Bow Tan said : "That area just in the urban fringe, and not urban areas, is like entering the city's door. We hope there will be offices, SOHO (home office units), retail and entertainment facilities, hotels and so on. plus there is also close to the Kallang River, has the riverside residential development potential. URA...

...Citylights... Southbank... and Riverine ...

huh?????? Sounds like junk?

Anyone know the latest transacted price of Riverine?

I dont see any record on the URA site. I really dont know if there are any subsales transactions after the prelaunch sales.

Anyone wants to share?

I think all or if not most primary owners bought with deferred payments from the developers. They have to hold-on until the next new properties nearby launches at least 20% above Riverine launch price.

No genuine investor will be so stupid to buy subsale from Riverine right now when you can get more than 50% lower subsale price at nearby Citylights and Southbank.

Take other examples, at the current market and price,

- who will buy One Shenton in the subsale market when they can get subsale units in Sail at a discount or on PAR, which also have a much superior facilities, location and view ?

- who will buy Reflection in the subsale market when they can get a discount in Azure, Oceanfront, Coast in the exclusive Sentosa Cove ?

That's the magic when deferred payment is available for new launches. When it comes to the subsale, if the deferred payment cannot be transferred, the story will be totally different.

I don't trust the asking prices in the ST classified. Only recognize the true market value when there is genuine buyers who purchased the subsale units and caveats lodged in URA.

Deferred payment owners bought from developers may not have caveats lodged unless they took up bank's loan. However subsale owners will almost 100% lodged their caveats with URA to protect the ownership of their properties and also due to the loan.

Deferred payment owners bought from developers may not have caveats lodged unless they took up bank's loan. However subsale owners will almost 100% lodged their caveats with URA to protect the ownership of their properties and also due to the loan.
^^

Riverine only have 96 units with 4 stacks, all stack 2, 3 and some stack 1 were taken out during the VIP pre-view (more than 50%) . These buyers would be caveats lodged to enjoy their VIP offers. We should see them in the coming URA update. :gossip:

No wonder it sold out so fast despite pricing so high !

So the trick = Deferred payment + developer absorbed the stamp duty

:okay:

p.s. In the past, usually it's those badly located property or during property down time that developer will absorb stamp duty as marketing freebies.

ah... 3% discount... it works everytime... :)

From URA Jun Cavests Lodged

Area (sf) Price psf
980 1,287,000 1,313
980 1,551,000 1,583
1206 1,577,500 1,308
1206 1,700,100 1,410
1313 1,910,500 1,455
1755 2,723,100 1,552
1755 2,783,100 1,586
2885 5,055,000 1,752

wow, looks like the 2885 sqf is a sub-sale?? tot the highest was 16++psf???

:) wow, looks like the 2885 sqf is a sub-sale?? tot the highest was 16++psf???

Maybe a penthouse sold by developer. Nowaday penthouse is sold at premium. It will be a blessing to buy it from developer, some penthouses are sold via auction.

http://www.wingtaiasia.com.sg/images/riverine/map.jpg

http://www.wingtaiasia.com.sg/images/riverine/main_fullysold2.jpg

http://www.wingtaiasia.com.sg/images/riverine/5.jpghttp://www.wingtaiasia.com.sg/images/riverine/4.jpg

I know it sounds a bit weird and out of context.

Felt strongly that the waterways painted above in red looked like a woman's uterus or womb.

This is ironically to see Rivervine launching psf price help to push up Citylights, and now in return Citylights sub sale psf help to raise Riverine pdf sub sale value. :nuts:

I know it sounds a bit weird and out of context.

Felt strongly that the waterways painted above in red looked like a woman's uterus or womb.

I noticed that 3 months earlier than you, but I was too shame to raise it in the forum. :lol:

That also means the two basins stores lots of golden eggs ! Prosperous feng shui, isn't it ?

May be LKY's idea from feng shui master, but kept secret...like the merlion and the BaGua signs all over the places in Singapore.

But, building the barrage at the mouth which means ? For your imagination.

I noticed that 3 months earlier than you, but I was too shame to raise it in the forum. :lol:

That also means the two basins represents growing golden eggs ! Prosperous feng shui, isn't it ?
May be LKY's idea from feng shui master, but kept secret.

:lol: I noticed that when I was at URA city gallery in 2004. Told Rafflescity a few times before...

But, they coloured it in red in the map above really ...

Yes the resemblance is there, but I always though that the arms of Marina South & East resembled crab's claws.

Anyway, everyone chooses to interpret what they may, I know Blessing is upon the country.

ai yah...so embarrasing lah !
Last time got durian, now got this....., but tour guide has one more interesting topic to sell at marina bay though

But, building the barrage at the mouth which means ? For your imagination.

Baby, It signified Singapore is young and virgin, you are not suppose to come out yet... :cheers:

Baby, It signified Singapore is young and virgin, you are not suppose to come out yet... :cheers:

Yes, just_started..., but 10 days to age of 42 :)

This is ironically to see Rivervine launching psf price help to push up Citylights, and now in return Citylights sub sale psf help to raise Riverine pdf sub sale value. :nuts:
I would say Riverine, Citylights, SB as well as CSR are a family, not competitors. They support each other for price increase in short and mid term.

If you're an owner of Citylights or SB and you see Riverine's price has been rising rapidly, you should be happy because your unit's price will rise very soon.

That also means the two basins stores lots of golden eggs ! Prosperous feng shui, isn't it ?
Golden eggs? That's even more reason to stay vested in the Marina Bay/Greater Marina Bay area !!

I would say Riverine, Citylights, SB as well as CSR are a family, not competitors. They support each other for price increase in short and mid term.
You left out the smallest sibling Tyrwhitt 139. Despite being a tiny development, it got sold out within a day at close to Citylights' subsale asking prices. Its another case of a sibling riding on big brothers Citylights' and Riverines' tail coat.

Hi all. Riverine by the Park. A nice name, but i don't understand why.
1)Why is the price so high? the land is so small, only 2,939 sqft (obtained from wingtai website.)

Hi all. Riverine by the Park. A nice name, but i don't understand why.
1)Why is the price so high? the land is so small, only 2,939 sqft (obtained from wingtai website.)

Of course the land area cannot be 2939sq ft - must be a typo error.

I will consider Riverine as the most overpriced condo in Singapiore. It must be this expensive (apart from the view) because a short walk away will bring you to a wide selection of hookers. Maybe the developers are expecting these hookers to just take a short walk from their coffeeshop hideouts and ply their trade at the Riverine's entrance for the resident's convenience.

nav14, have your visited the location? did you know hookers are operating at which lorong? what is the walking distance from there to this projects? :)

nav14, have your visited the location? did you know hookers are operating at which lorong? what is the walking distance from there to this projects? :)

Of course I know its location and where the hookers operate in Geylang. It is only a 5 -7minutes walk from the nearest hookers hangout at Lor 4. You can drive/walk around the backlanes of Lor 4 and you will find them there. I can bring you for a recce if you want.

You own a unit at Riverine?

Of course I know its location and where the hookers operate in Geylang. It is only a 5 -7minutes walk from the nearest hookers hangout at Lor 4. You can drive/walk around the backlanes of Lor 4 and you will find them there. I can bring you for a recce if you want.

You own a unit at Riverine?
At the present moment, there is no spill-over of sleazy Geylang activities after the artificial "border" created by the huge Kallang-Paya Lebar Expressway project and the new 8 lanes dual carriageway called Sims Way. Thus, we don't see any vice activities along Lorong 3 or Lorong 1 (Lorong 2 has disappeared from the map) and so Riverine being further away might be safe.

At the present moment, there is no spill-over of sleazy Geylang activities after the artificial "border" created by the huge Kallang-Paya Lebar Expressway project and the new 8 lanes dual carriageway called Sims Way. Thus, we don't see any vice activities along Lorong 3 or Lorong 1 (Lorong 2 has disappeared from the map) and so Riverine being further away might be safe.

My earlier posting about hookers plying their trade outside Riverine is a joke as I know this will not happen. But Riverine is within walking distance to where the vice takes place from Lor 4 onwards. Riverine can be considered to be located at the fringe of Geylang and as such its launch pricing surprised me.

Agree with nav14 on the high price.

A sold out property do not necessary mean it is a good property. It is just a case of the blind leading the blind.

Agree with nav14 on the high price.

A sold out property do not necessary mean it is a good property. It is just a case of the blind leading the blind.


As I understand most of the buyers were foreigners who bought it when the property was marketed overseas. I really do not think they knew what they were paying top dollars for. Lucky developer.

As I understand most of the buyers were foreigners who bought it when the property was marketed overseas. I really do not think they knew what they were paying top dollars for. Lucky developer.

Whenever I see overseas properties in locations I am familiar with advertised, I am amazed how often fringe areas suddenly become prime, 30 minute drives in normal traffic become "minutes from the city" and special features like "overlooks cemetery", "next to local bikie chapter" and "in the heart of the hooker district" are left out....

I'd guess this is marketed as "a stone's throw from the city and Marina IR", with "spectacular river views" or some such copywriting.

Whenever I see overseas properties in locations I am familiar with advertised, I am amazed how often fringe areas suddenly become prime, 30 minute drives in normal traffic become "minutes from the city" and special features like "overlooks cemetery", "next to local bikie chapter" and "in the heart of the hooker district" are left out....

I'd guess this is marketed as "a stone's throw from the city and Marina IR", with "spectacular river views" or some such copywriting.

nah, it was marketed as,

" The only FREEHOLD WATERFRONT living at the GREATER MARINA BAY"

nah, it was marketed as,

" The only FREEHOLD WATERFRONT living at the GREATER MARINA BAY"

Like Diet Coke. Marketed as the "real thing" when the real thing is actually the Sail at Marina....

it was marketed as "the only freehold waterfront living at the greater marina bay"
a piece of crap.
1)the land size is too small. so what if it is freehold?
2)it is at kallang basin, not marina bay.

it was marketed as "the only freehold waterfront living at the greater marina bay"
a piece of crap.
1)the land size is too small. so what if it is freehold?
2)it is at kallang basin, not marina bay.

Can't blame them.
Kallang basin falls under the "Greater Marina Bay" concept.

URA now have a new concept of including Harbourfront and Mount Faber into the "Greater Sentosa" concept.

Just like the "The Greater China" also includes Taiwan even when Taiwan refuse to agree.

Can't blame them.
Kallang basin falls under the "Greater Marina Bay" concept.

URA now have a new concept of including Harbourfront and Mount Faber into the "Greater Sentosa" concept.

Just like the "The Greater China" also includes Taiwan even when Taiwan refuse to agree.


What is "Singapore + IDR + Riau SEZ"?
Greater .....?

What is "Singapore + IDR + Riau SEZ"?
Greater .....?

Greater Singapura ?

That's why the native Malaysian and Indonesian are scared of losing their priviledges, and thus gave lots of troubles to their PM and Presidents. They should just sold to Singapore for 99 years leasehold.

Can't blame them.
Kallang basin falls under the "Greater Marina Bay" concept.

URA now have a new concept of including Harbourfront and Mount Faber into the "Greater Sentosa" concept.

Just like the "The Greater China" also includes Taiwan even when Taiwan refuse to agree.

yes i know, but isn't it all wrong? kallang basin IS kallang basin!

yes i know, but isn't it all wrong? kallang basin IS kallang basin!


That's the trick !
I thought forumer said most units were sold to foreigners in overseas ?
Their advertisement renderings looks like it's really having the casino , mbfc, flyer at the doorstep - a picture speaks a thousand word.
The moral of the story, recce the actual site before buying unless you got so much money that you acquire property like buying through eBay.

True. Appearances can be deceiving.

cheers

excelsvr

That's the trick !
I thought forumer said most units were sold to foreigners in overseas ?
Their advertisement renderings looks like it's really having the casino , mbfc, flyer at the doorstep - a picture speaks a thousand word.
The moral of the story, recce the actual site before buying unless you got so much money that you acquire property like buying through eBay.

I can still remember before the launch of this property, quite a few of us "SUAN" the property and say it is not worth the $$$.

Later we heard it was sold out and view started to change as some investors here question themselve of their wrong judgement. (Is our judgement wrong?)

Now the fact started to surface. The sentiment of this project, the number of sub-sale done etc. I think investors here are sharp in judgement, great to know all of you. Mistake happen when you follow the market blindly.

Yup! Then you lose money then must "sell body" to make a living :lol:

cheers

excelsvr

Yup! Then you lose money then must "sell body" to make a living :lol:

cheers

excelsvr

Maybe those owners realised they made a lose will convert to short-stay apt charging $250/2 hrs~!:bash:

Market surged a lot over last 7 months surprisingly.
All the developers launched prices at ridiculously high end maximizing their profit.
I think Riverine, Rochester, Parc prices are not sustainable this year, but who knows it will appear cheap in 2008 and 2009 when the bull runs again ?
Property is a medium to long term investment by nature.
Expecting short term flipping depends on luck.
For instance those who purchased early this year ( Dec 06 - Mar 07 ) could had flipped for a substantial profit due to the sudden bull run surge from Apr to mid Aug before the US subprime blown up.

For instance,
A Sail tower 1 bay view mid floor unit in Dec 2004 was at 900psf.
In Aug 2005, the price had gone up to $1200psf after Marina Bay Casino announced.
In Nov 2005, the price had gone up to $1400psf after tower 2 launched.
In Dec 2006 before MBR launched, it was selling at around $1450psf.
In Jan 2007, it was selling at $1850psf after MBR.
In June 2007, it was selling at $2450psf.

If you had bought in Dec 2004, and sold before MBR launched, you would had gained 550psf over 2 years period. Not bad a investment over a mid term period.
If you had bought in Dec 2006 before MBR launched, and sold in June 2007, you would have gain 1000psf in 6 months ! That's a super luck flip, IMO.

Of course the land area cannot be 2939sq ft - must be a typo error.

I will consider Riverine as the most overpriced condo in Singapiore. It must be this expensive (apart from the view) because a short walk away will bring you to a wide selection of hookers. Maybe the developers are expecting these hookers to just take a short walk from their coffeeshop hideouts and ply their trade at the Riverine's entrance for the resident's convenience.


Maybe when the median price of SG condos become $2000psf by 2009/2010 then it would seem cheap after all!

Of course I know its location and where the hookers operate in Geylang. It is only a 5 -7minutes walk from the nearest hookers hangout at Lor 4. You can drive/walk around the backlanes of Lor 4 and you will find them there. I can bring you for a recce if you want.

You own a unit at Riverine?


yes i know, but isn't it all wrong? kallang basin IS kallang basin!
That's the trick !
I thought forumer said most units were sold to foreigners in overseas ?
Their advertisement renderings looks like it's really having the casino , mbfc, flyer at the doorstep - a picture speaks a thousand word.
The moral of the story, recce the actual site before buying unless you got so much money that you acquire property like buying through eBay.

Don't be too trigger happy to shoot Riverine, else the same can be said about Citylights (& maybe Southbank!) Behind Citylights is another H81 and many massage places to visit too! Who knows they may go up market and some of these WLs will rent units to operate from there(Citylights)!

I for 1 think Riverine will do well! $2K psf "Where got problem?" Everything else said actually adds color to the Lavender scene. Well, life is never just black and white!

:hi:
Hi Kopiluver, there are only certain sleazy Hotel 81 and Fragrance Hotels. Only the ones at Geylang and probably Joo Chiat are examples.
There is currently one behind Citylights ( seldom see people inside, mostly backpackers ) and Fragrance is building another hotel directly opposite Citylights - the building used to house a ID called The Interior Place. The architecture is very nice, lick a resort. A pity the hotel is kinda small - 6 floors and very small building. I think this a plus point for Citylights as when relatives come over to stay, and your unit has no space, behind also got hotel what! :lol:
It actually depends on our point of views.

cheers

excelsvr

五十步笑百步.
If you are talking about hookers; Riverine, Citylights, and CitySquare just same same. One of the reasons that citylights is commanding premium now is it nears TOP and at the right time of the bull. Future is uncertain for Riverine when TOP at 2009/2010, will the bull still there? No many investor will take the revirine sub sale now. When it nears TOP and the residence development for Kampong Bugis unveil situation may change. There is a chance...

Investment is just your guess vs mine, the winner is called guru. No hard feeling here, just only winner and loser, some big winner just like to laugh at small one only. :)

Geylang is not a point of argument here, I think the fact is with the same amount of money one can probably buy something of a better value.

$1600 avg in Reverine, I will rather buy Icon #15-xx.

When you compare what you can buy wth the same level $psf, you will see a different.

You can argue that Riverine is FH, but nowaday 99yr or FH not much different unless market trend lower.

Even if market fall, I believe certain property at certain area will drop faster.

I will not rule out Riverine from further price appreciation. Location to invest is just a personal preference learn through life experience.

No hard feeling.

I believe there are currently two pivots that the rests of the property will be priced relatively to them.

Orchard is the traditional pivot, and Marina Bay the new rising heavy weight pivot.
Sentosa has it's influence on pricing around Harbourfront, but I personally don't think it has the strategical or mass influence on pricing across the island. This is because it's pricing will always be relatively lower than Orchard and Marina Bay.

When the pivots rise to a new level, they will pull the rests around them up relatively.
The two pivots seems to compete against each other, but we should see them complementary with Marina Bay influencing heavier when Sands IR comes into operation.

There will be temporary distortion of pricing now and then due to many factors like new launches and will take bit of time for equilibrium to achieve fair pricing for all, i.e. under-valued will move up over time. That's is the short interval of opportunity for the sharp eyes and cash rich to buy at a discount.

However, there will always be locations that are less desirable and price tends to move fairly slower than others due to less demands.

五十步笑百步.
If you are talking about hookers; Riverine, Citylights, and CitySquare just same same. One of the reasons that citylights is commanding premium now is it nears TOP and at the right time of the bull. Future is uncertain for Riverine when TOP at 2009/2010, will the bull still there? No many investor will take the revirine sub sale now. When it nears TOP and the residence development for Kampong Bugis unveil situation may change. There is a chance...

Investment is just your guess vs mine, the winner is called guru. No hard feeling here, just only winner and loser, some big winner just like to laugh at small one only. :)

Every condomimium is like that. Citylights is now enjoying the "TOP effect". Just today in Classifieds I saw an ad for an owner trying to sell his #41-02 unit ( 2,530 sqft) at S$1,630 psf.

cheers

excelsvr

五十步笑百步.
If you are talking about hookers; Riverine, Citylights, and CitySquare just same same. :)

That was my point. Thanks!


五十步笑百步.
One of the reasons that citylights is commanding premium now is it nears TOP and at the right time of the bull. ...:)

Agree with you on tat

五十步笑百步.
Future is uncertain for Riverine when TOP at 2009/2010, will the bull still there? No many investor will take the revirine sub sale now. When it nears TOP and the residence development for Kampong Bugis unveil situation may change. There is a chance...:)

I wont bet on that... the fact that it sold so well, bears credit to the fact that projs / units with great views will always command a premium (read Million$ view for a Million$: http://www.skyscrapercity.com/showthread.php?t=479151


五十步笑百步.
Investment is just your guess vs mine, the winner is called guru. No hard feeling here, just only winner and loser, some big winner just like to laugh at small one only. :)

What I like about this forum is that there is very little flaming and every 1 speaks his mind... I like this quote:A man convinced against his WILL is still of the same opinion.

So fellow forumers, pls feel free to share your thoughts and keep it coming! Cheers! &

May the property cycle be with you!

I believe there are currently two pivots that the rests of the property will be priced relatively to them.

Orchard is the traditional pivot, and Marina Bay the new rising heavy weight pivot.
Sentosa has it's influence on pricing around Harbourfront, but I personally don't think it has the strategical or mass influence on pricing across the island. This is because it's pricing will always be relatively lower than Orchard and Marina Bay.

When the pivots rise to a new level, they will pull the rests around them up relatively.
The two pivots seems to compete against each other, but we should see them complementary with Marina Bay influencing heavier when Sands IR comes into operation.

There will be temporary distortion of pricing now and then due to many factors like new launches and will take bit of time for equilibrium to achieve fair pricing for all, i.e. under-valued will move up over time. That's is the short interval of opportunity for the sharp eyes and cash rich to buy at a discount.

However, there will always be locations that are less desirable and price tends to move fairly slower than others due to less demands.

Hi Baby,

I like reading ur posts... always common sensical, succint and highly thought thru. However, as "my opinion" is that porperties with a view can & shd command a premium over 1 in the same project without much of a view...

I feel that once the Sentosa cove projects are completed & ready for occupation, there will be a spike in prices from the current sub$3000psf to well over the prices of StRegis(which in my opinion has poor views) or the likes of Scotts Sq, The Marq etc (which has "Xmas tree" Orchard Rd buildings view).

My rank of the pivots are: 1.Sentosa 2.Marina Bay(not greater) 3.Orchard. 2 & 3 are a bit like Kowloon & Hong Kong. One in CBD the other in Financial District with a Million$ view.

I'm no guru and certainly wont laugh if 'm right in my rankin of psf... but to each his(or her) own. You are certainly most entitled to your opinions.

I Welcome any1 else to share their thoughts on this....

P.S. If any1 wants to "see" my point of view, just drive to One degree 15 and walk around... look-look, see-see and if you dont fall in love with the place... I will let u :bash: or kenna langa lori :nuts:

Even if I sell everything I have, I dont think I have the $ or the guts to put all my eggs in 1 basket... but IMHO you wll see the highest psf in Sentosa despite any transport inconvinences... all it takes is a SC Global to build a super-lux project & price it $10,000psf... I bet there will be takers if not in the current cycle.. at least in the next!

Riverine's progress very slow IMO. Are they still doing foundations?

cheers

excelsvr

Even if I sell everything I have, I dont think I have the $ or the guts to put all my eggs in 1 basket... but IMHO you wll see the highest psf in Sentosa despite any transport inconvinences... all it takes is a SC Global to build a super-lux project & price it $10,000psf... I bet there will be takers if not in the current cycle.. at least in the next!
$10,000psf on freehold maybe but Sentosa is leasehold 99yr. If SC Global holds to next cycle, the land cost will go down.

Riverine's progress very slow IMO. Are they still doing foundations?

cheers

excelsvr

Foundation almost done I think. Not bad already. One year ago Wing Tai bought the land with an old furniture warehouse on it so progress is quite rapid.

Hi Baby,

I like reading ur posts... always common sensical, succint and highly thought thru. However, as "my opinion" is that porperties with a view can & shd command a premium over 1 in the same project without much of a view...

I feel that once the Sentosa cove projects are completed & ready for occupation, there will be a spike in prices from the current sub$3000psf to well over the prices of StRegis(which in my opinion has poor views) or the likes of Scotts Sq, The Marq etc (which has "Xmas tree" Orchard Rd buildings view).

My rank of the pivots are: 1.Sentosa 2.Marina Bay(not greater) 3.Orchard. 2 & 3 are a bit like Kowloon & Hong Kong. One in CBD the other in Financial District with a Million$ view.

I'm no guru and certainly wont laugh if 'm right in my rankin of psf... but to each his(or her) own. You are certainly most entitled to your opinions.

I Welcome any1 else to share their thoughts on this....

P.S. If any1 wants to "see" my point of view, just drive to One degree 15 and walk around... look-look, see-see and if you dont fall in love with the place... I will let u :bash: or kenna langa lori :nuts:

Even if I sell everything I have, I dont think I have the $ or the guts to put all my eggs in 1 basket... but IMHO you wll see the highest psf in Sentosa despite any transport inconvinences... all it takes is a SC Global to build a super-lux project & price it $10,000psf... I bet there will be takers if not in the current cycle.. at least in the next!


I think you have overemphasised the importance of views. Excellent views will definitely have a premium but to say that the leasehold developments at Sentosa or Marina Bay will cost more than St Regis just because it has superior views is very far fetched. Location at the end of the day still far more important than views. Right now Sentosa or Marina Bay has still not surpassed Orchard as the most prime location. It may in the future but not yet. As long as this perception of prime properties remain intact, super luxurious projects like St Regis will still cost more.

Foundation almost done I think. Not bad already. One year ago Wing Tai bought the land with an old furniture warehouse on it so progress is quite rapid.

Well I hope they build faster! I love beautiful skyscrapers :hug:

cheers

excelsvr

I think you have overemphasised the importance of views. Excellent views will definitely have a premium but to say that the leasehold developments at Sentosa or Marina Bay will cost more than St Regis just because it has superior views is very far fetched. Location at the end of the day still far more important than views. Right now Sentosa or Marina Bay has still not surpassed Orchard as the most prime location. It may in the future but not yet. As long as this perception of prime properties remain intact, super luxurious projects like St Regis will still cost more.

Hi nav14,

Guess many of us have the view/perception that the primest of prime is either that marina bay or sentosa, and not orchard road in the future. And for long term investments (which property generally are), we have to put our money where we "percieve" to be the prime location "in the future" and not now isnt it?

That said, the emphasis is on perception. Which can easily be swayed with proper mkting and like for orchard, a long standing reputation and a fondness from our indonesian neighbours.

Am vested in both areas in a very small way, but i lean towards marina bay as the location, location, location.. My unit in marina have NO views...:lol:

"Guess many of us have the view/perception that the primest of prime is either that marina bay or sentosa, and not orchard road in the future"
Who says that Orchard Road will not be the primest of the primest?

cheers

excelsvr

"Guess many of us have the view/perception that the primest of prime is either that marina bay or sentosa, and not orchard road in the future"
Who says that Orchard Road will not be the primest of the primest?

cheers

excelsvr

READ PERCEPTION

If primest of primes is only 1, what's your choice? :cheers:

There will not be any gain if you guess correctly without putting in some ante. Place a bet, got it correct, gain financial freedom.

Follow your instinct..............................but must do some homework.

READ PERCEPTION

If primest of primes is only 1, what's your choice? :cheers:
I choose Marina Bay. It has seaview and bay view, furhtermore it is near the CBD. Who wants to live in Orchard Road whare to get home, it is jammed? While people are going home from the CBD, you are going home TO the CBD:lol:

cheers

excelsvr

Yes, i tend to agree with you on this one. Orchard is still the most prime at this point of time. Everything extends out from Orchard.

I think you have overemphasised the importance of views. Excellent views will definitely have a premium but to say that the leasehold developments at Sentosa or Marina Bay will cost more than St Regis just because it has superior views is very far fetched. Location at the end of the day still far more important than views. Right now Sentosa or Marina Bay has still not surpassed Orchard as the most prime location. It may in the future but not yet. As long as this perception of prime properties remain intact, super luxurious projects like St Regis will still cost more.

Now this one I don't agree. Some developments take their cue from the neighbouring projects and some just anyhow quote the starting price.
For example, Jardin, located at Dunrean Road, was first priced at S$2000 psf, which is quite high for that particula location. My guess is that it took it's cue form The Sixth Avenue Residences.
Furthermore, Riverine by th Park's developer WingTaiAsia claims that it will take it's cue from neighbouring projects. But starting price was S$2000psf when Citylights and Southbank were only at S$800-S$900 psf!
Yes, freehold plays and important part. But in this day and age, it doesn't really matter about LH vs FH. It still boils down to location. See The Sail, LH but still sell so well.

cheers

excelsvr

Well, there are definitely some developments which developers have tried to set benchmark in certain areas. However, all the prices come back to benchmarking against orchard road prime.

Now this one I don't agree. Some developments take their cue from the neighbouring projects and some just anyhow quote the starting price.
For example, Jardin, located at Dunrean Road, was first priced at S$2000 psf, which is quite high for that particula location. My guess is that it took it's cue form The Sixth Avenue Residences.
Furthermore, Riverine by th Park's developer WingTaiAsia claims that it will take it's cue from neighbouring projects. But starting price was S$2000psf when Citylights and Southbank were only at S$800-S$900 psf!
Yes, freehold plays and important part. But in this day and age, it doesn't really matter about LH vs FH. It still boils down to location. See The Sail, LH but still sell so well.

cheers

excelsvr

Like FEO trying to set benchmark price for Bukit Timah in Jardin? LOL if it is sold at S$2,000 psf then you might as well get a loft unit @ ICON or Park Infinia.

cheers

excelsvr

Well, there are definitely some developments which developers have tried to set benchmark in certain areas. However, all the prices come back to benchmarking against orchard road prime.yes, people will always like to compare back to district 9/10.

Oh? I just realised :D

Yes, this is exactly what I meant. :)

yes, people will always like to compare back to district 9/10.

Yes, I know:D

cheers

excelsvr

Nothing has risen yet :(

http://i228.photobucket.com/albums/ee304/Excelsvr/DSC00356.jpg

Anyone have any update of this project?:ohno:

Anyone have any update of this project?:ohno:

A tower crane has been erected on the site but I don't see any structure rising yet.

It's time for this thread to wake up with Master Plan 2008 unveil.

Waterside district with lush greenery has potential to be leading residential enclave, say analysts, pointing out its proximity to town and good public transport

Finally, a bit of news to cheer the ailing housing market: The drab, neglected area north of Kallang River is to be Singapore’s next lifestyle hot spot.

Four thousand new waterfront homes, all to be built by private developers, are slated to come up in the area in the next 15 years.

They will offer cool green living in a lush park setting, as well as resort-style beachfront housing near the water’s edge.

Kallang Riverside will also be transformed into a lively commercial hub and leisure destination, with enough space for 400,000 sq m of offices and shops and 3,000 hotel rooms.

All this was announced by the Urban Redevelopment Authority (URA) on Friday as part of its latest Master Plan, which guides Singapore’s land use policy in the medium term.

Property consultants say the new Kallang district, bounded by Lavender and Kallang MRT stations on the northern corners and the Kallang River to the south, has the potential to become a premier residential enclave.

‘The area is near town, yet next to the beach, it reminds me of places like the Gold Coast,’ said Mr Danny Yeo, the deputy managing director of property firm Knight Frank.

He lauded the exclusivity of the area, which is bounded by waterways on all sides except for Kallang Road to the north.

‘It’s resort living on the fringe of the city. Many people will want to live there.’

Jones Lang LaSalle (JLL)’s head of South-east Asia research, Mr Chua Yang Liang, called the area ‘a hybrid of the current two waterfront areas, Marina Bay and Sentosa’.

Over the last couple of years, demand for waterfront homes has strengthened and the limited supply of such properties has led to their prices surging to a level beyond the grasp of many Singaporeans, he said.

‘This new district may help make similar projects available to the man in the street.’

Mr Karamjit Singh, the managing director of property consultancy Credo Real Estate, drew a comparison with Novena, another prime city-fringe area, instead.

He highlighted the fact that Kallang is served by two MRT stations, making it a very desirable residential and office location.

‘Kallang has the potential of becoming the new Novena, purely because it’s that close to town.’

Lots to choose from

A range of housing options will be available in Kallang Riverside, if all goes according to the Master Plan.

Most of the homes will be set on the western bank of the river in an area called The Green, which will have a park running down the middle.

Low-rise apartment blocks will face the park, with high-rise condominiums soaring behind them.

The Government has set aside several plots for high-density housing here, with varying plot ratios for different building heights, noted Mr Li Hiaw Ho, the executive director of CB Richard Ellis Research.

This will allow for a ’step-down’ range of storey heights that descend towards the waterfront, enabling residents in the top floors of each building to enjoy views of the water.

Homes that are directly fronting the park or the river will also be encouraged to go ‘fenceless’ to create a seamless blend of parkland, beachfronts and buildings, said the URA.

Landed homes may also make an appearance nearer the beaches, said JLL’s Mr Chua.

City-fringe prices

Kallang may sound like a first-class place to live, but expect to pay top dollar for homes there.

Property values are expected to soar in the area, especially for the planned new homes. The surrounding residences will not feel any impact for the next few years, but prices may rise once the area starts taking shape, predicted property experts.

Most of the housing estates nearby are made up of HDB flats.

Currently, the only condominium in the area is the upcoming Riverine by the Park, along Kallang Road near the river. Nearby is Citylights, at Jellicoe Road near Lavender MRT station.

Units were recently sold at Riverine for $1,600 per sq ft (psf) and at Citylights for $1,000 to $1,300 psf.

Across the river, condos in Tanjong Rhu have been sold for as low as $750 psf at Tanjong Ria Condo and for more than $1,600 psf at Casuarina Cove.

Knight Frank’s Mr Yeo believes home prices in the new Kallang will be ‘a shade below those in Orchard, and probably comparable to those in Newton and Novena’, with waterfront homes costing even more.

Mr Chua expects prices to be about 10 per cent to 15 per cent lower than those currently commanded by Marina Bay and Sentosa, which range from $1,700 psf to $2,700 psf.

‘The plans will bring the population back into Kallang and increase demand for the surrounding properties,’ he said.

Already, buyers are being drawn to HDB flats in the area because of the high prices of private homes and the conservation charm of Kallang, Mr Chua said.

‘It’s still a little sleepy town now, and there won’t be much short-term impact, but in the medium to long term, we should see price movements there.’

EMERGING HOT SPOT

Under the URA’s latest Master Plan, Kallang Riverside will be transformed into a lively commercial hub and leisure destination, with enough space for 400,000 sq m of offices and shops and 3,000 hotel rooms.

Knight Frank’s Mr Danny Yeo likens the area to city-fringe resort living, as it reminds him of Australia’s Gold Coast, with the district being near town and yet next to the beach.

Jones Lang LaSalle’s Mr Chua Yang Liang calls the area ‘a hybrid of the current two waterfront areas, Marina Bay and Sentosa’.

Source : Sunday Times - 25 May 2008

Kallang property prices set to go up?

A BUSTLING beachfront precinct with waterfront homes, offices, hotels, shopping malls and entertainment outlets.

Think Sentosa Cove, but on a smaller scale. And perhaps, not so pricey.

That will be the new face of Kallang Basin in years to come.

This makeover is one of the initiatives of the Draft Master Plan 2008, launched by Minister of National Development Mah Bow Tan yesterday.

For property speculators and homeowners in that area, this makeover can spell only one thing -higher property prices.

The one thing some residents want to know is: how much is the value of my place expected to rise?

There are two small Housing Board (HDB) estates with less than 20 blocks in that area, and both overlook Kallang Basin.

The Riverine, a 96-unit apartment project which was launched a year ago, will be the first private residential project to be completed in Kallang Riverside.

Auditor Justin Lee, who lives in a four-room HDB flat there, said: ‘The redevelopment sounds exciting. At last, they’re going to spruce up this area. I think this place has potential, since there’s a beach here and it’s near to town.

‘It’ll be a while before the whole place is revitalised and, by then, I’m sure the value of my place would have gone up.’

Mr Lee, who is in his 30s, paid more than $200,000 for his place some two years ago.

Property-watchers we spoke to agreed that property prices in that area will certainly head up once construction there starts.

But it’s still early days yet, especially for those hoping to cash in now.

PropNex’s chief executive Mohamed Ismail said: ‘There won’t be any immediate impact on prices today. If anything, the value of homes there will hold well now because of the news.

Still Early

‘We may not see the price increase today, tomorrow or a few months to come. But in a few years’ time, this place will command a premium because of the transformation.’

He reckoned that when construction begins, buyers can be expected to pay a premium of 10 to 15 per cent above its usual price.

The proximity to town, the Marina Bay Sands integrated resort, and the new Sports Hub will bode well for homeowners there, he said.

‘People who want to invest in that place now will not be wrong in the long run. When things start coming up, such as the Sports Hub, the new MRT station and basic infrastructure, rentals and prices in that area will go up too,’ he added.

Mr Eugene Lim, an assistant vice-president with ERA Realty Network, also believes that one can expect a run-up in terms of property prices there.

But don’t expect a 10-per-cent increase in price now because nothing is concrete yet, he said.

‘It’s a 10 to 15 years’ project and will not happen straightaway.

‘But when plans are more concrete, land parcels are sold and developers start to announce their projects, prices in that area will increase. In 15 years’ time, prices there could even double what it is today.’

The Kallang Riverside area today is a quiet neighbourhood, home to a few flatted factories and a hangout for wakeboard enthusiasts.

While some are relishing the thought of a mini Sentosa Cove by their doorstep, others are not so hot about it.

Fishball noodle seller Tan Boey Khim, who lives in a four-room HDB flat just opposite the Kallang Basin, would prefer the area to remain status quo.

Mr Tan has been selling his noodles in a market there for the last 30 years.

The 66-year-old paid about $190,000 for his flat two years ago.

Right now, he enjoys an unblocked, picturesque view of the Kallang Basin all the way to Tanjong Rhu, the Marina Bay area, East Coast Park and even the Singapore Flyer.

For him, redevelopment means more noise, dust and traffic inconveniences from the construction.

Mr Tan said in Mandarin: ‘The plans don’t matter to me. I don’t even know if I will still be around when this whole area is redeveloped. Anyway, it’s still too early for me to think about selling this place for a profit.

‘I like the area, the view and proximity to town. I just hope it doesn’t become too crowded.’

The changes

More than 4,000 private homes withwaterfront views west of Kallang River.
Office, hotel, retail and entertainment space.
Hotel cluster with some 3,000 rooms.
Old Kallang Airport conserved, sold and adapted to new uses.
Promenade along Kallang River andRochor Canal to be upgraded.
Kallang Riverside Park to the west ofKallang River will be upgraded withabeachside lagoon.
Integrated second-storey linkway from Kallang MRT station to the new Sports Hub, with shops lining the way.
Sports Hub will have new National Stadium, Aquatic & Water Leisure Centre, Multi-Purpose Indoor Arena, the Singapore Indoor Stadium.

Source : New Paper - 24 May 2008

http://i206.photobucket.com/albums/bb31/sl2chong/BT_IMAGES_DRAFT24Acopy.jpg

Progress of Riverine as of 14th August 2008.

http://i228.photobucket.com/albums/ee304/Excelsvr/DSC01071.jpg

Closer ..

http://i228.photobucket.com/albums/ee304/Excelsvr/DSC01072.jpg

Your closer look is still very far lar :lol: :lol:

IMO this development is a joke with the price it had achieved.

Can see can already lah :lol:

maybe this can be qualified as "a closer look". :lol:

http://img374.imageshack.us/img374/8494/img0483smallcj3.jpg

You really very straight, must twist your point a bit lah.

You must call this "a very very long term investment".

I am doubtful any investors are vested, mainly for own stay lah.

IMO this development is a joke with the price it had achieved.

Progress of Riverine as of 14th August 2008.

Closer ..

http://i228.photobucket.com/albums/ee304/Excelsvr/DSC01072.jpg

Great view of the future development area, where there will be a lot of construction and infrastructure going on especially for the Sports Hub.

The future hotel site, the first to be released in the GLS for this area is just across the river where the warehouses are.

maybe this can be qualified as "a closer look". :lol:

http://img374.imageshack.us/img374/8494/img0483smallcj3.jpg

:lol: I had a good laugh.

IMHO, this location and perspective would be good for photo updates when Riverine grows taller, and when the fitting of glass commences.

:lol: I had a good laugh.

IMHO, this location and perspective would be good for photo updates when Riverine grows taller, and when the fitting of glass commences.

Good to hear that it brought a smile. With all the bad economic news, it's good to unwind and not take things too seriously. :)

Okie, okie....you want closer...this should be close enough. :lol:

http://img225.imageshack.us/img225/9763/p1150324smallns4.jpg

:lol:

Everyone seems to be making a joke on this development :lol:

Advertising as the only freehold waterfront residential at the Great Marina Bay is by itself a big joke .... and that banner is still there on the construction site..... :lol:

:lol:

IMO this development is a joke with the price it had achieved.

At least it is sitting on freehold land. :)

Like this, close enough?

http://img155.imageshack.us/img155/1932/riverineqz4.jpg (http://imageshack.us)

:lol:

Everyone seems to be making a joke on this development :lol:

Advertising as the only freehold waterfront residential at the Great Marina Bay is by itself a big joke .... and that banner is still there on the construction site..... :lol:

:lol:

I have 2 units for sale at Riverine:
1) Stack 2 above 25th going for $1400 psf. Size is 1776 sqft.
2) Stack 2 above 15th going for $1300 psf. Size is 2939 sqft.

All selling below costs! Grab!

http://img7.imageshack.us/img7/9760/090206riverineas9.jpg (http://imageshack.us)
Riverine is growing fast...

http://img517.imageshack.us/img517/4052/081226riverinexr7.jpg (http://imageshack.us)
Taken on Cloudy Boxing Day 2008

It sure looks very statuesque standing on its own.

11 April 2009

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

It's become very prominent as seen from the MRT coming from the East. It's a bit lonely though, looking forward to it getting some neighbours ^ ^

Unlikely for some time until the Sports Hub moves, and then govt might consider activating the surrounding...

11 April 2009

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

Taken from Novena? Looks so close to that area. I have never seen Riverine from this angle before.

Nope..I took it from Textile Centre. Southbank is the building on the left

This project is about to TOP. anyone has any photo update?

This project is about to TOP. anyone has any photo update?

Just taken today:

http://img694.imageshack.us/img694/7987/dscn1140.jpg

Its supposedly designed by Mok Wei Wei's firm, W architects and from previous plans I saw it looked promising in a Lincoln Modern kind of way...

Which one is Riverine?

The tallest in the pic

looks little difference from the flats behind.....

this one built very fast. Launch much later than Southbank, but looks like gonna TOP sametime...

Which one is Riverine?

Its supposedly designed by Mok Wei Wei's firm, W architects and from previous plans I saw it looked promising in a Lincoln Modern kind of way...

The end-product seems less promising I feel .... at first look it won't strike me that it is condo if I never knew where Riverine is.

The tallest in the pic

I'm trying to say....''THERE'S NOTHING TO SHOUT ABT FOR THIS PROJECT.''

Just taken today:

http://img694.imageshack.us/img694/7987/dscn1140.jpg
really like the facade of RIVERINE :banana:
blend in nicely with the hdb in the background:banana:

not yet TOP or soon?Look like almost ready and i wonder how the project inside look like.

There are very few transactions for this project.

Only 4 transactions in 2009, none this year so far. The highest done last year was S$1286 psf. Asking prices nowadays about S$14xx to S$17xx.

visited sam tat building recently.. not for sale tho... only for rent..

visited sam tat building recently.. not for sale tho... only for rent..

Wow, you are looking around hunting for good buys ? Sam Tat building looks like a "gem", in view of the URA Kallang Development Plan.

There are very few transactions for this project.

Only 4 transactions in 2009, none this year so far. The highest done last year was S$1286 psf. Asking prices nowadays about S$14xx to S$17xx.
i m sure the buyer would rather buy CL or SOUTHBANK if he is looking to buy around that area..riverine is smacked in d middle between 2 mrt stations,so its not that convenient..there are no eateries nearby also.:bash:

i m sure the buyer would rather buy CL or SOUTHBANK if he is looking to buy around that area..riverine is smacked in d middle between 2 mrt stations,so its not that convenient..there are no eateries nearby also.:bash:

Riverine is FH...suitable for FH fans

Riverine is FH...suitable for FH fans
and also not forgetting riverine has fantastic sea view overlooking the kallang basin as well as the flyer view n IR view..thats something which will not change for many years to come.:banana:

I tink initial launch prices around 1.5kpsf...

nid to breakeven at 1.6kpsf for them...tats y not much transaction. Developer took all the cream...

Some may say so near to geylang...

and also not forgetting riverine has fantastic sea view overlooking the kallang basin as well as the flyer view n IR view..thats something which will not change for many years to come.:banana:

When the kallang riverside is developed, the IR view maybe gone. The price is just too high even though it is a freehold. Hotel development will be near this site. One can spent $1500 at Emerald Garden to be in District, walking distance to Raffles City and one stop from Marina Bay Financial centre when the New Downtown line is ready in the town area.

u got stake in EG or CBD?

u got stake in EG or CBD?

From an investor perspective, one would put money in places that has potential for growth. Not many FH or 999LH residential development in Districts 1 and 2. EG is one and The Arris is the other. EG won with Distance from Marina Bay Financial Centre and Shenton Way, distance to MRT, etc. Maybe you can share with us on any other development with at least 999LH in this area?

WOW..seems delicious..so 1.5kpsf can hoot? wat u tink of the upside potential?

Seaview? I thought in front is slated for offices, hotels and condos?




and also not forgetting riverine has fantastic sea view overlooking the kallang basin as well as the flyer view n IR view..thats something which will not change for many years to come.:banana:

Seaview? I thought in front is slated for offices, hotels and condos?
u could b right but so far nothing is proposed or even in the planning stage.so it will take some time or many more years to b fully developed if its really gona b used for hotels or offices..

WOW..seems delicious..so 1.5kpsf can hoot? wat u tink of the upside potential?

With the limited FH and LH999 land in CBD, there should be growth potential with Emerald Garden in a few years time. Rental to professional in this area is also not a problem. Shenton Way has so many 99LH launches like Clift, One Shenton, 76 Shenton, etc with prices all going at 1500psf and beyond. It's all about location, location and location.

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With the limited FH and LH999 land in CBD, there should be growth potential with Emerald Garden in a few years time. Rental to professional in this area is also not a problem. Shenton Way has so many 99LH launches like Clift, One Shenton, 76 Shenton, etc with prices all going at 1500psf and beyond. It's all about location, location and location.

$1500psf is for the lower floors of such shenton way unit.

Wow, you are looking around hunting for good buys ? Sam Tat building looks like a "gem", in view of the URA Kallang Development Plan.

thats what i thought too. but the building owner revamping it and marketing to sports / youth related companies and retail.

was looking at the ground floor and 2nd storey F&B.. but very long term plan.

probably cant afford the floor tho..

This project was TOP for months, why not moving to completed project ?:)

Moderator, this project has TOP. Kindly move this thread to the completed section. Thanks! :)