Commercial/residential site next to S'pore River could go for $128m

17 Oct 06


KIM Seng Plaza, a freehold commercial and residential site on Kim Seng Road and next to the Singapore River, is up for collective sale by tender, and market observers said that the site should be able to fetch at least $128 million.


The 60,400 sq ft site, zoned for 'commercial/residential' use, has a 3.1 plot ratio, giving it a maximum floor area of 187,200 sq ft. The maximum building height is 35 storeys. Including an estimated development charge (DC) of about $14 million for a residential development, the price for any developer will work out to about $760 per sq ft per plot ratio (psf ppr).

However, the DC payable will depend on the mix of the development. For example, if the buyer intends to build a project that is 40 per cent commercial and 60 per cent residential, the DC payable will be substantially less and is estimated at about $6 million. The psf ppr price will, therefore, be a slightly lower $716.

In comparison, the Lippo Group bought an adjacent site for $739 psf ppr early this year from OCBC Bank and is expected to launch a condominium there at between $1,500 and $1,600 psf.

For the Kim Seng Plaza site, an upcoming development could house 95 apartments with an average size of 1,500 sq ft each and some 88 retail units with an average size of 300 sq ft each, said Jones Lang LaSalle (JLL), which is marketing the property.

'To capitalise on its central area location, the other viable redevelopment options include a luxurious condominium or small office home office (soho) units, subject to the relevant authorities' approval,' said JLL. 'The latter would appeal to those who prefer to work from home and live in a neighbourhood that offers a host of leisure, recreational and entertainment activities at their doorstep.'

Right now, the 18-storey Kim Seng Plaza comprises a 4-storey podium with shops located on the first and second storeys, a 28-lane bowling alley on the fourth storey and residential apartments from the 6th to 18th storeys in the tower block. Prominent developments such as Great World City and the Grand Copthorne Waterfront Hotel are located near Kim Seng Plaza. The tender will close at 3pm on Nov 15.


By UMA SHANKARI

It would be good if they develop something exciting to complement Great World City.......:yes:

yah...well I guess with the redevelopment of Kim Seng Plaza...the whole stretch of Kim Seng Rd will boast a lineup of brand new highrises all at least 30-storeys.

Other projects to complete the lineup would be Lippo's residential site, Pharos, RiverGate, Cosmopolitan etc

ST : Ageing malls in prime spots head for collective sale

Ageing malls in prime spots head for collective sale
Kim Seng Plaza is latest one on the block; more incentives will hasten process, say observers


A NEW wave of urban renewal may be on the cards, as ageing strata-titled malls in prime locations jump on the collective sale bandwagon.

Kim Seng Plaza was put up for collective sale yesterday, on the heels of similar plans by Golden Mile Complex in Beach Road and Ming Arcade in Cuscaden Road.

But property players say more government incentives may be needed to kick-start the process as any sale of these buildings requires many individual owners to give the nod.

To encourage quicker redevelopment of such ageing buildings, the Government might need to change the rules governing collective sales or make it more lucrative for the owners to bow out, they say.

The owners of Kim Seng Plaza said yesterday they were inviting bids for the 18-storey, freehold mixed development which has 91 shop units, a bowling alley and 37 residential apartments.

The shops are worth about $700 to $750 per sq ft while the apartments are valued at around $650 psf, if they are sold individually. Market watchers say the property may attract bids of about $105 million to $128 million.

The site can be put to better use: It has a height limit of 35 storeys and can be redeveloped into a residential and commercial project with a gross floor area of up to 187,218 sq ft, said property consultancy Jones Lang LaSalle (JLL), the firm marketing the site.

Besides Kim Seng Plaza, malls that have the potential for collective sale and redevelopment include Orchard Shopping Centre, Singapore Shopping Centre, Far East Shopping Centre, Orchard Towers and Tong Building.

Most of these are in Orchard Road so redeveloping them will help speed up the rejuvenation of Singapore's key shopping belt, property experts said.

Outside of Orchard Road, malls such as Riverwalk, Peace Centre and Parklane Shopping Centre are also said to be considering collective sales.

The problem, however, is that strata-titled malls are notoriously hard to handle in any collective sale.

With so many individual owners, the distribution of proceeds is bound to be controversial, with owners arguing over whose shop is better located and hence, more valuable.

'A successful retailer would be reluctant to move unless the price is so attractive that it compensates for the disruption and loss of goodwill,'' said Credo Real Estate managing director Karamjit Singh.

To help speed things up, the Government could look into lowering the minimum 80 per cent agreement threshold to, say, 70 per cent, said Knight Frank executive director Danny Yeo.

It could also identify certain properties in need of redevelopment by age or location, and provide these sites with special concessions such as a discounted development charge, he said.

Development charges are what a developer must pay to enhance the use of a site. The lower the charge, the more the developer is willing to pay for the site.

The Government could also increase the plot ratios of these sites to allow developers to build higher and bigger buildings.

'Once you move up the development quantum of a site in terms of usage, there will be an incentive for developers to buy it,' said JLL's regional director and head of investments, Mr Lui Seng Fatt.

Consultants cited the Government's success in transforming the Hillview area from an industrial strip to a residential area in the early 90s, through providing incentives and rezoning the area.

'The intention is not to make everyone a millionaire but to work towards urban renewal,'' said Mr Lui. 'We can't afford to have slum areas.''

It would be good if those old malls in Orchard were rebuilt......I'm sure there are people out there who want it.....:yes:

Yup... went to Kim Seng Plaza mall recently, it's old, not well maintained and the smell there is not nice either... Time to change :-)

yup...I find the building to look like an eyesore

Lippo pays $132m for Kim Seng Plaza

16 Nov 06

Site is next to plot Lippo bought earlier from OCBC

LIPPO Group has expanded its presence in the River Valley/Kim Seng area, clinching the freehold Kim Seng Plaza for $132 million in the latest collective sale, BT understands.

http://business-times.asiaone.com/mnt/media/image/launched/2006-11-16/BT_5128477_16_11_2006.jpg

It emerged as the highest bidder at the close of a tender yesterday. The tender, handled by Jones Lang LaSalle, is said to have attracted eight bids. Lippo is understood to have pipped City Developments.

The price Lippo is paying reflects a unit land price of $737 per square foot of potential gross floor area (psf ppr), including an estimated $6 million development charge.

This almost matches the $739 psf ppr that Lippo paid for an adjacent freehold site it bought from OCBC early this year. Lippo plans to develop the earlier site into a 230-unit condo, slated for launch in January or February next year.

Lippo is expected to redevelop the Kim Seng Plaza site into a new project with apartments rising from a retail podium block. The development will offer views of the Singapore River.

The 60,400 sq ft Kim Seng Plaza site is zoned for commercial/residential use and has a 3.1 plot ratio, giving it a maximum floor area of 187,200 sq ft. The maximum building height is 35 storeys.

The existing 18-storey Kim Seng Plaza comprises a four-storey podium with shops on the first and second storeys, a 28-lane bowling alley on the fourth storey and apartments from the sixth to 18th storeys of the tower block.

When it launched the tender last month, Jones Lang LaSalle suggested the site could be redeveloped into small office home office (Soho) units, subject to official approval, to capitalise on its central location.

Such a concept would appeal to people who want to work from home and live in a lively neighbourhood with plenty of leisure, recreational and entertainment activities on the doorstep. Kim Seng Plaza is diagonally opposite Allgreen Properties' Great World City mall and near CityDev's Grand Copthorne Waterfront Hotel.

CityDev is expected to begin previews this weekend of its 175-unit Tribeca freehold condo next to Grand Copthorne Waterfront Hotel.


By KALPANA RASHIWALA

Too bad they can't merge the two sites together and build a giant shopping mall ^ ^

The Singapore River there (or you could call it a huge drain) is quite smelly last time I been there. A garbage 'filter' there after Kim Seng Bridge.

It would be interesting to see how Lippo is going to design this ...

Will this be redeveloped with the current east-west facing, same as Tribeca ? Or will it change itself into the Cosmopolitan's North-South facing ?

We will wait and see ... personally dont like the east-west facing ... but with Tirbeca facing the main road ... it would be nice if both Lippo's plots are "line-up" ... haha ...

The Singapore River there (or you could call it a huge drain) is quite smelly last time I been there. A garbage 'filter' there after Kim Seng Bridge.

There are plans to improve that stretch of river and park connector all the way to Alexandra

There are plans to improve that stretch of river and park connector all the way to Alexandra

The uppermost stretch at Redhill had been covered over. After the former RP.

It would be interesting to see how Lippo is going to design this ...

Will this be redeveloped with the current east-west facing, same as Tribeca ? Or will it change itself into the Cosmopolitan's North-South facing ?

We will wait and see ... personally dont like the east-west facing ... but with Tirbeca facing the main road ... it would be nice if both Lippo's plots are "line-up" ... haha ...

or maybe it might be amalgamate into one very huge plot. lippo current owns the plot ajacent to cosmopolitian (also ajacent to kim seng plaza). they may apply to the authorities to make it happen. it will then be interesting to watch out for what lippo will come up with.

that stretch of road will maybe become ...... another up-and-coming area for high-end housing (maybe luxary).

cosmopolitian - wheelock
un-named project - lippo
kim seng plaza - lippo
tribeca (formerly phyros) - cdl
grand copthorne waterfron hotel - millennium group (cdl)

it will be interesting in the coming months ..... as they each try to "out-do" one another to "lure-in" buyers with deep pockets.

i've seen cosmopolitian prices inch up over the past 6 or 9 months. its now already commanding > S$1,200. tribeca which will preview and soft-launch this week (18Nov) will probably go for an average of $1,400 psf as reported.

its getting exciting .... i'm keenly watching this one

ps: cdl stock traded reached $12.40 today (17nov)

As I drove past this stretch of road (kim seng) today, it just occured to me that maybe Lippo could build a property similar to Great World City with a mix of service apartments, shopping complex, cinema and office towers. Or they could build a hotel cum service apartment mix.

The empty plot of land if amalgamated with kim seng plaza will become a considerable size that is probably as large or even larger than the existing Great World City site. I believe the owners of Great World City is Mid-Point properties part of the Allgreen group.

Not sure if the authorities would give Lippo the green light given the current situation of ..... S'pore having a hotel crunch .... office space crunch, etc.

It will be interesting to watch what will become of the 2 sites. I believe that it won't be too long before Lippo announce their plans.

It seems that Lippo is up-and-coming .... another developer that is raising up the ladder pretty quickly riding on the property/construction boom.

Do share your thoughts .... and do correct me I'm wrong here.

Just my 2 cents.

8th February 2008

http://ssc.singapenguin.net/08/080208_kim_seng_plaza_demolition01.jpg
It's being wrapped up for demolition.

Anyone knows if the showhouse being built by Allgreen between Kim Seng Plaza and Great World City offices is for this?

Sad to see it go. I've stayed there for about 5-6 years at level 6:(

Is the "river" smelly all the time?

Pretty quite. More of a longkang, always 'brown-ed'

Centennia Suites

Indulge in the ultimate appreciation of life

Freehold

http://img301.imageshack.us/img301/1180/16032008082eq9.jpg

The Kim Seng Plaza site has been cleaned up so I guess the Centennia Suites is to be launched soon. Also noticed that across the street the showroom of the RV Residences seems to be ready, any idea where the actual site is?

is the rendering out yet ?

The Kim Seng Plaza site has been cleaned up so I guess the Centennia Suites is to be launched soon. Also noticed that across the street the showroom of the RV Residences seems to be ready, any idea where the actual site is?
461 river valley road, opposite of shanghai road, next to the famous chicken rice place.....

461 river valley road, opposite of shanghai road, next to the famous chicken rice place.....

anyone know when is Centennia Suites launching?

I think it will launch real soon. The construction site has posted a large picture of the new building.

finally.. launching soon

finally.. launching soon

better launch now than later half of the year when things could become more uncertain.

further... Urban Suites seem to sell very well in Indonesia early part of this year, so Lippo might want to take the opportunity to launch it in Indonesia as well to catch the buying wave back home

anybody want to throw a guess on the psf??!

i reckon ard $1800psf

think 1800 can.. higher than next door condos..

is Centennia Suites D9 or D10? Freehold?

is Centennia Suites D9 or D10? Freehold?

100 Kim Seng Road (District 9)

Thanks shctaw!!

Any renders?

market already out with the price... average psf at around $2100 psf.
renderings, site plan, etc all out already... just do a search in google.

is the showflat ready??

Irrational exuberance coming back - worst than 2007-2008 ! Great !

is the showflat ready??

not to public from what I understand... but showflat is ready.

by invitation only at this stage... but just approach an agent and he or she will bring you in.

ah yes, time to gatecrash again... :)

ah yes, time to gatecrash again... :)

marketing agent is JLL and CBRE. time for you to bring me in!?!? kekeke....:lol::lol::cheers:

marketing agent is JLL and CBRE. time for you to bring me in!?!? kekeke....:lol::lol::cheers:


Any good? Psf?

marketing agent is JLL and CBRE. time for you to bring me in!?!? kekeke....:lol::lol::cheers:

Wah liao, I was thinking you will be using your extensive contacts and network and charms to get us in!! :lol:

Yesterday, I just stormed right into their showflat but the staff were very nice, they showed me around and gave me a brochure.

Very nice... Lippo's got standard... price they quoted me was below $2,000psf but they will adjust up when they public-launch it... right now, only for ex-Kim Seng Plaza owners...

I have an invitation card via email.

Those want to go C C Lok Lok can PM me your email.

I am not an agent hor... Thanks.

is there special viewing for ex-kim seng owner? i hope there is special discount for us as lippo bought it at an attractive price...

from the conversation I had with the friendly staff... the price you pay now will be different when they do the public launch

is there special viewing for ex-kim seng owner? i hope there is special discount for us as lippo bought it at an attractive price...

I think it will be cheaper buying nearby condo than to wait for it to launch.

Yesterday, I just stormed right into their showflat but the staff were very nice, they showed me around and gave me a brochure.

Very nice... Lippo's got standard... price they quoted me was below $2,000psf but they will adjust up when they public-launch it... right now, only for ex-Kim Seng Plaza owners...

adjusting up or not i tink is dependent on overall response for the preview.

this for ex-Kim Seng owners... is this part of marketing or normally during en-bloc sales there is some agreement? Coz for Sophia Residences they say the same "that 1st selection are for previous owners"... and caused the price for 1 & 2 bedder to shot through the roof. Then price for bigger units started tapering down and we see a disparity for the psf as time wears on

If i'm developer and project only has 97 units..why should i be nice to the previous owners when a done deal is a done deal? more testing water i tink.

i was not aware of any mentioning of special preview for kim seng plaza owner during the enbloc transaction...don't think so. anyway, at this price it may be better to shop around the vicinity

It is already open to public. The whatever vvip preview is crap. Anyone can just pop in and buy. I will buy rivergate/cosmopolitan any time over this. PSF is too high. But there will be suckers around.




i was not aware of any mentioning of special preview for kim seng plaza owner during the enbloc transaction...don't think so. anyway, at this price it may be better to shop around the vicinity

is there special viewing for ex-kim seng owner? i hope there is special discount for us as lippo bought it at an attractive price...

yes there is from what I heard.

It is already open to public. The whatever vvip preview is crap. Anyone can just pop in and buy. I will buy rivergate/cosmopolitan any time over this. PSF is too high. But there will be suckers around.

ha? rivergate? no way... looks like HDB. I think even Pinnacle Duxton looks better. but cosmo? yes, I will buy it too.

It is already open to public. The whatever vvip preview is crap. Anyone can just pop in and buy. I will buy rivergate/cosmopolitan any time over this. PSF is too high. But there will be suckers around.

actually hor... the real suckers are those buying 1900psf to 2000 psf in the Bt Timah area... imho. and the Sail too... 3000 psf asking for that area just is not realistic. 3000 psf?? I would rather buy The Marq.

might as well pay 2000 psf for Centennia.

PS: me not agent nor vested

actually hor... the real suckers are those buying 1900psf to 2000 psf in the Bt Timah area... imho. and the Sail too... 3000 psf asking for that area just is not realistic. 3000 psf?? I would rather buy The Marq.

might as well pay 2000 psf for Centennia.

PS: me not agent nor vested

any thoughts on Tribeca?

any thoughts on Tribeca?

I would usually give it a plus cos it is a CDL project... but just for this one, I don't like it cos it is right beside Zouk. Wed/Fri/Sat nights will just create bad vibe for the residence there.... my 2 cents. The last thing you want in a nice condo is unwanted loiterings around your area.

any thoughts on Tribeca?

Sail got Casino, Tribeca got zouk. How much can prices fall.

I would usually give it a plus cos it is a CDL project... but just for this one, I don't like it cos it is right beside Zouk. Wed/Fri/Sat nights will just create bad vibe for the residence there.... my 2 cents. The last thing you want in a nice condo is unwanted loiterings around your area.

being right bedside Zouk and Grand Copthorn does put it in a certain limelight, for singles or young couples, this vibrancy could be an interesting factor... for families mayb it's a point of consideration.

was at the Centennia Suites showroom today, asking for $20++psf for a 2 bedder, this is higher than rest of Kim Seng projects and also higher than Rivergate. The 4 bedders (ard 2200sf) has the best facing, would cost from $4mil up, interesting to see the take up.

i reckon if Lippo were to stick to above $2K psf, sales would be slow

I would usually give it a plus cos it is a CDL project... but just for this one, I don't like it cos it is right beside Zouk. Wed/Fri/Sat nights will just create bad vibe for the residence there.... my 2 cents. The last thing you want in a nice condo is unwanted loiterings around your area.

Zouk getting kind of passe. The in crowd appears to have shifted to Fullerton side.

Very nice... Lippo's got standard... price they quoted me was below $2,000psf but they will adjust up when they public-launch it... right now, only for ex-Kim Seng Plaza owners...

how are the layouts....i used to be very in favour of Lippo project, but got very disappointed when i see how Newton 1 turned out. setting aside price, hope they will redeem themselves with this project

the layouts are not bad... even the 2 bedders are 12XXsf ft... I also like the fact that Great World City is just across the road... and I think the new Kim Seng MRT station is also going to be nearby...

Just wonder how great the impact of the Kim Seng MRT (believed to be nearby) to the psf. Based on past lines, LTA usually unveil the locations of the stations 7 - 8 years before it is ready, in this case, the Thomson line would be ready in 2018. So the announcement should be anytime from now to end of next year..

being right bedside Zouk and Grand Copthorn does put it in a certain limelight, for singles or young couples, this vibrancy could be an interesting factor... for families mayb it's a point of consideration.

was at the Centennia Suites showroom today, asking for $20++psf for a 2 bedder, this is higher than rest of Kim Seng projects and also higher than Rivergate. The 4 bedders (ard 2200sf) has the best facing, would cost from $4mil up, interesting to see the take up.

i reckon if Lippo were to stick to above $2K psf, sales would be slow

like you said, I guess it would appeal more to singles and couples. :)

ahh no wonder newspaper has many trillium and cosmo owners jacking up their asking prices now...

Just wonder how great the impact of the Kim Seng MRT (believed to be nearby) to the psf. Based on past lines, LTA usually unveil the locations of the stations 7 - 8 years before it is ready, in this case, the Thomson line would be ready in 2018. So the announcement should be anytime from now to end of next year..

imho, impact of Kim Seng MRT is not great. 7 years is a long time. What sells for me (if I got the moola) is the future redevelopment of that area where the existing HDB is. Those should be torn down next year. and future enbloc sales in that area...

need to buy more 4D.

Just wonder how great the impact of the Kim Seng MRT (believed to be nearby) to the psf. Based on past lines, LTA usually unveil the locations of the stations 7 - 8 years before it is ready, in this case, the Thomson line would be ready in 2018. So the announcement should be anytime from now to end of next year..

with big contruction projects from the private sector coming to completion this year, excees supply of office spaces, i reckon the new MRT lines could serve as a tool to support the construction industry in the coming years.

IMO, Singapore would want to use this tool rather wisely to cushion any possible slow down or uncertainty in the coming years...

in this aspect, mayb they would want to start the construction of the new lines pretty soon... frankly the new lines is not a must have but a "nice to have"

OO yes... election coming too

any idea what is the response so far? can't find any news on the sales last weekend. :banana:

from the conversation I had with the friendly staff... the price you pay now will be different when they do the public launch

now is by appointment only... they haven't launch publicly...

I've checked with them and the 2 bedder, depending on which floor, is around $2,100psf to $2,200psf... good news for the nearby projects...

Even at the optimistic rent of $5,000/mth for the 2 bedroom at $2,000 psf, that works out to gross yield of only 2.3%. Very risky.

If nearby 24 years old Yong An Park can hit $1,422 psf in November 2009, there should be interest in Centennial Suites.

Rendering
http://lh4.ggpht.com/_bA2VdeNaBTo/S5Je2lzTRoI/AAAAAAAAF5w/w917DwZOsjw/s800/Centenian%20Suits.jpg

Sky Garden ( 3rd Floor Only)
http://lh4.ggpht.com/_bA2VdeNaBTo/S5Je8kHrNBI/AAAAAAAAF54/q8_35noyafk/s800/Centenian%20Suits%20sky%20garden%20%28%203th%20Floor%29.jpg

Specs
http://lh6.ggpht.com/_bA2VdeNaBTo/S5JfHPyrDEI/AAAAAAAAF6A/fYFU_0koh9U/s800/Centenian%20Suits%20Intro%201.jpg

http://lh4.ggpht.com/_bA2VdeNaBTo/S5JfR78S-mI/AAAAAAAAF6E/t4luB4a2zb8/s800/Centenian%20Suits%20Intro%202.jpg

Plot is really small. the pool is also going to be small. For tat price 2Kpsf . I think the other projects near by are better buy. Oh no upper floor or mid floor sky gardens...

Other than the fact they use a lot of marble ( typical of Lippo One Newton, Trillium etc.)

Also the smallest 2bedders 1238sqf have to take the full afternoon sun.....

went there yesterday and had to agree with bro minority, site is too small to command a cool $2kpsf for this development lah, somemore so near the nosiy main road, this is juz the developers cashing in on the frenzy.

when u want to sell ur unit, be prepare to fight with the better equipped and bigger compound development like rivergate, tribeca or even cosmo.

Supposedly a trillium unit just sold higher than 2.1k so guess the pricing is starting to take hold.
Personally think this area a bit risky. If really can buy Paterson for same price then jump at it.
The corner plot opposite Wheelock sold by OUE will launch at 3500psf for small units.

went there yesterday and had to agree with bro minority, site is too small to command a cool $2kpsf for this development lah, somemore so near the nosiy main road, this is juz the developers cashing in on the frenzy.

when u want to sell ur unit, be prepare to fight with the better equipped and bigger compound development like rivergate, tribeca or even cosmo.
A unit at The Cosmopolitan was transacted at $1,950 psf on 9th February this year.

A unit at Rivergate was transacted at $1,911 psf on 17th February this year.

A unit at Tribeca was transacted at $1,629 psf on 23th December last year.

wonder wat would the pricing be for RV area end of this yr. will it follow the CBD or the Orchard area..

Also seems to have a lot of supply in RV area. but Small studio on kimseng side not a lot.

But I dont like this project too pricy for such a small plot... if i have 2Kpsf to burn I would rather go get a Rivergate high floor unit. at least the space is worth the moo lar..

Someone bought a unit at Centennial Suites for $2,175 psf in February this year.

Someone bought a unit at Centennial Suites for $2,175 psf in February this year.


Jackie, Emil buy posh flats

Hong Kong movie superstar Jackie Chan and singer-songwriter Emil Chau have bought four apartments at the upmarket Centennia Suites worth over $10 million. -- ST PHOTO: SAMUEL HE

HONG Kong movie superstar Jackie Chan and singer-songwriter Emil Chau have bought four apartments at the upmarket Centennia Suites worth over $10 million.

Chan is believed to have picked up three units making up an entire floor while Chau went for a three-bedroom apartment, all on the mid- to high floors of the 36-storey condominium on the former Kim Seng Plaza site, reported The Business Times on Thursday.

They visited the showflat last Friday when they were in town for Sunday's Thong Chai Charity Night.

The average price of a Centennia Suites unit is about $2,000 to $2,100 per square foot.

The 97-unit freehold condominium project, opposite Great World City and facing the Singapore River, is expected to be completed in 2013.

:banana:

Jackie, Emil buy posh flats

Hong Kong movie superstar Jackie Chan and singer-songwriter Emil Chau have bought four apartments at the upmarket Centennia Suites worth over $10 million. -- ST PHOTO: SAMUEL HE

HONG Kong movie superstar Jackie Chan and singer-songwriter Emil Chau have bought four apartments at the upmarket Centennia Suites worth over $10 million.

Chan is believed to have picked up three units making up an entire floor while Chau went for a three-bedroom apartment, all on the mid- to high floors of the 36-storey condominium on the former Kim Seng Plaza site, reported The Business Times on Thursday.

They visited the showflat last Friday when they were in town for Sunday's Thong Chai Charity Night.

The average price of a Centennia Suites unit is about $2,000 to $2,100 per square foot.

The 97-unit freehold condominium project, opposite Great World City and facing the Singapore River, is expected to be completed in 2013.

:banana:


Frankly they likly got special price. All these are cash buy so u never noe when TOP they get 25% rebates etc?

If not where got so fast things get leaked to the press. its a publicity lah. and they get a good good price that man in the street have no access..


anyway good to know we have jacky owning something in town... ;)

Jacky already own many things in town. He has 4 condos already before this Centennia Suites. He also partially owned the California Fitness at Bugis & Novena.