Ascentia Sky (45 floors) [Archive]

wees8

August 29th, 2007, 02:28 PM

From URA website:

http://www.ura.gov.sg/pr/text/2007/pr07-91.html

29 August 2007

URA reserve site at Alexandra Road for residential development is now open for application

The Urban Redevelopment Authority (URA) today released the detailed sales conditions for the reserve site at Alexandra Road. Developers interested in purchasing the site can now apply to URA for it to be put up for tender.

The Alexandra Road land parcel is one of the sites in the Government Land Sales Reserve List for the second half of 2007 announced by the Ministry of National Development on 14 Jun 2007.

Land Parcel at Alexandra Road

The land parcel which has a site area of about 0.86 ha and a gross plot ratio of 4.9, is zoned for residential development. The site can generate a maximum permissible gross floor area of about 41,939 sq m. Details of the land parcel and location plan are given in Annex A-1 & A-2.

The site is located close to the Redhill MRT station.

Reserve List System

Under the government’s reserve list system, a site in the reserve list would only be put up for tender if the developer’s indicated minimum bid price in his application is acceptable to the government.

Details of the land parcel and other sites which are currently available for application on the reserve list can be found at URA website: http://www.ura.gov.sg/sales/AlexandraRdAug07/AlexandraRd-intropage.html.

wees8

August 29th, 2007, 06:29 PM

This story was printed from channelnewsasia.com

Title : URA invites applications for condominium site at Alexandra Road
By :
Date : 29 August 2007 2331 hrs (SST)
URL : http://www.channelnewsasia.com/stories/singaporebusinessnews/view/296789/1/.html

The Urban Redevelopment Authority is inviting applications from developers for a condominium site at Alexandra Road.

This is one of the residential sites placed for sale under the Reserve List of the Government Land Sales Programme for the second half of 2007.

According to property consultant CBRE, the site can be developed into a condominium development of at least 40 storeys high.

It expects the site to fetch bids in the range of S$650 to S$750 per square foot per plot ratio.

This will translate to an average selling price of between S$1,200 and S$1,300 per square foot.

Meanwhile, property consultant Knight Frank says it expects the site to be popular with developers due to its proximity to the Redhill MRT station and to the Tanglin Road area.

It is forecasting that the site will fetch up to S$180 million, or about S$400 per square foot per plot ratio.

Under the Reserve List, the Government will only release a site for sale if an interested party offers to bid a minimum purchase price that is acceptable. - CNA/ch

RafflesCity

August 30th, 2007, 02:41 AM

Alexandra condo site up for tender

http://www.ura.gov.sg/sales/AlexandraRdAug07/images/sitelocation645.jpg

30 Aug 07

THE Urban Redevelopment Authority yesterday asked for tenders for a 99-year leasehold residential plot at Alexandra Road, close to the Redhill MRT station and opposite the Metropolitan, after receiving a minimum bid price that triggered the launch from the Reserve List.

The site occupies some 8,559 square metres with a gross plot ratio of 4.9, which can generate a maximum permissible gross floor area of 41,939 square metres.

It is zoned for development of condominium or serviced apartments. Property consultancies said the site could be developed into a 40-storey condominium.

Knight Frank managing director Tan Tiong Cheng said that he expects the project to have some 380 units averaging 1,200 square feet in size, given that its height and plot ratio are similar to those of the Metropolitan - a joint project between CapitaLand and Lippo Group.

Mr Tan reckons that bids for the site could have been in the region of $400 per square feet per plot ratio (psf ppr) or a lump sum of $180 million and expects the units to fetch average prices of $950-1,000 psf when they are put on the market, given that units in the nearby Metropolitan are fetching some $924 psf in resale prices in the third quarter.

CB Richard Ellis executive director Li Hiaw Ho estimates that the site could have drawn bids in a higher range of $650-750 psf ppr.

'This will translate to an average selling price of between $1,200 psf and $1,300 psf, which could be attainable in the second half of 2008,' he said, expecting strong demand to come from upgraders and investors who are looking to rent out the units given its proximity to the city and amenities.

In comparison, the Metropolitan site was purchased by the developers at $350 psf ppr in November 2005.

Based on the strong demand seen in Metropolitan where all 382 units were sold within six months, market watchers said that they expect the Alexandra site to draw strong interest from developers given that it is located at the fringe of the established Tanglin housing district which is within a five to 10 minute drive to Orchard Road, the Central Business District, Marina Bay, and the southern waterfront area.

By LYNETTE KHOO

wees8

August 30th, 2007, 04:30 PM

In today's Straits Times newspaper, the news article "Prime state sites in Toa Payoh, Alexandra for sale", there were some forecasts on what the Alexandra site could fetch.

An excerpt:

Mr Nicholas Mak, director of consultancy and research at Knight Frank, expects a top bid of $375 to $400 per sq ft per plot ratio (psf ppr).

CB Richard Ellis executive director Li Hiaw Ho, however, tips it at $650 to $750 psf ppr, while Jones Lang LaSalle's regional director and head of investments, Mr Lui Seng Fatt, forecasts a bullish $1,000 psf ppr or more.

JV2007

August 31st, 2007, 04:22 AM

Excelsvr

September 4th, 2007, 09:04 AM

JV2007

September 15th, 2007, 02:16 AM

@JV2007

Just because you know something that some experts know, it doesn't mean that you can say bad things about them. If you say "No disrespect to specefic people involved" then don't say at all!

Just my two cents:dj:

cheers

excelsvr

Hi Exelsvr

Actually my point is that with such a wide range the "experts" are saying nothing at all.

Cheers

Excelsvr

September 15th, 2007, 10:03 AM

Oh! So that's why you were saying. Sorry:D

cheers

excelsvr

JV2007

September 15th, 2007, 04:51 PM

No problems, I wans't very clear in my original post.

I do however find it a bit odd that senior members of firms responsible for valuing property for REITS and so on have a valuation range of $400-1000 psf ppr for the same piece of land.

Excelsvr

September 16th, 2007, 04:50 AM

Yup me find it weird too :weirdo:

cheers

excelsvr

wees8

November 22nd, 2007, 12:41 PM

22 November 2007

URA launches tender for a residential site at Alexandra Road

The Urban Redevelopment Authority (URA) launched a residential Land Parcel at Alexandra Road for sale by public tender today.

The Land Parcel was made available for sale through the reserve list system on 29 August 2007. On 9 November 2007, URA announced that it had received an application from a developer to put up the Land Parcel for tender and would launch the site for public tender in about two weeks. The developer has committed to bid at least S$220,700,000.00 for the Land Parcel in the public tender.

Land Parcel at Alexandra Road

The Land Parcel at Alexandra Road has a site area of around 0.86 ha and is planned for residential development with a maximum gross floor area of 41,939 sqm. It is located close to the Redhill MRT station.

The details of the Land Parcel are at Annex A-1 and the location plan at Annex A-2. More details of the Land Parcel are available on URA website at http://www.ura.gov.sg/sales/AlexandraRdAug07/AlexandraRd-intropage(L).html.

Other Details

A tender period of about four weeks will be allowed for the site. The tender will close at 12 noon on 27 December 2007. Selection of successful tenderer will be based on the tendered land price only. Any tender below the accepted minimum bid price of S$220,700,000.00 will not be accepted

Developer’s Packets are available at S$105.00 each (inclusive of GST) for the Land Parcel. These can be purchased from the Customer Service Counter on the 1st storey of The URA Centre, 45 Maxwell Road, Singapore 069118. The Developer’s Packets can also be purchased via URA-Online at http://www.ura.gov.sg/sales/sales_main.html at a cost of S$105.00 (excluding delivery charges) for local and overseas purchasers.

wees8

November 22nd, 2007, 12:43 PM

Permissible Gross Floor Area = 41,939 square metres

Committed to bid at least S$220,700,000

1 square metre = 10.763 910 417 square feet

41,939 square metres = 451,427.6 square feet

$ psf ppr = 220,700,000 / 451,427.6 = $ 488.90 psf ppr

Excelsvr

November 22nd, 2007, 12:58 PM

Didn't you post this in The Metropolitan (http://www.skyscrapercity.com/showthread.php?p=16636994#post16636994) thread?

wees8

November 22nd, 2007, 03:25 PM

Didn't you post this in The Metropolitan (http://www.skyscrapercity.com/showthread.php?p=16636994#post16636994) thread?
Yes, posted in Metropolitan thread and here, because info is relevant to both threads.

Excelsvr

November 23rd, 2007, 02:16 AM

Yes, posted in Metropolitan thread and here, because info is relevant to both threads.

Yeah, both plots side by side.

wees8

December 27th, 2007, 02:41 PM

The bids are in:

RANKING, NAME OF TENDERER, TENDERED SALE PRICE ($), TENDERED SALE PRICE IN $PSM OF GFA

1, WINGLOW INVESTMENT PTE. LTD. & GREATEARTH DEVELOPMENTS PTE LTD, 288,380,000.00, 6,876.18

1 square metre = 10.763910417 square feet

price psf ppr = 6,876.18 / 10.763910417 = $638.82

See announcement at URA website:

http://www.ura.gov.sg/pr/text/2007/pr07-155.html

Rank, $psf ppr, Name of Tenderer

1. 639, WINGLOW INVESTMENT PTE. LTD. & GREATEARTH DEVELOPMENTS PTE LTD
2. 602, LAFE DEVELOPMENT PTE. LTD.
3. 578, BILLION RISE LIMITED
4. 568, FRASERS CENTREPOINT LIMITED
5. 521, SUNNY VISTA DEVELOPMENTS PTE. LTD & TID PTE. LTD.
6. 501, PERFECT EAGLE PTE. LTD.

arthur

December 27th, 2007, 02:49 PM

CNA: Wing Tai-United Engineers team put in top bid for Alexandra site

SINGAPORE : The tender for the residential site at Alexandra Road has attracted six bids.

The top bid of S$288.38 million was submitted by a partnership between Wing Tai and United Engineers. The price works out to S$639 per square foot per plot ratio.

According to property consultants CB Richard Ellis, that works out to 31 percent above the reserve price, and more than 82% higher than the S$350 psf/plot ratio paid for the adjacent site at The Metropolitan in November 2005.

CB Richard Ellis estimates that a new condo project built on the site will have a breakeven price of S$1,000 per square foot. It expects units there to sell for between $1,100 and $1,200 per square foot.

Meanwhile, property consultant Knight Frank says the relatively high level of developers' interest and the strong bids show that developers are still bullish on the Singapore property market in 2008.

A decision on the award of the tender will be made after the bids have been evaluated. - CNA /ls

Excelsvr

December 28th, 2007, 12:26 AM

wees8

December 28th, 2007, 03:42 AM

Business Times - 28 Dec 2007

Alexandra Road site draws six bids

Top bid of $288.4m made jointly by Wing Tai Holdings, United Engineers

By UMA SHANKARI

A RESIDENTIAL site at Alexandra Road saw a bullish six bids and a top bid of $288.4 million - or $639 per square foot per plot ratio (psf ppr) - at the tender's close yesterday.

The top bid for the 92,100 sq ft site was jointly put in by Wing Tai Holdings and United Engineers (UE).

Other bidders include familiar names such as Singapore's Hong Leong Group, GuocoLand and Frasers Centrepoint, as well as mainboard-listed Lafe Technology, which designs and manufactures computer magnetic heads.

'This price is bullish and shows that developers have not lost their appetite for good quality plots of land,' said Ku Swee Yong, director of marketing and business development at Savills Singapore.

The site is conveniently located along Alexandra Road and less than five minutes' walk away from Redhill MRT station.

Nicholas Mak, director of research and consultancy at Knight Frank said: 'The relatively high level of developers' interest and the strong bids reflect that developers are still bullish on the Singapore property market in 2008.'

Leonard Tay, director of research at CB Richard Ellis (CBRE), pointed out that the top bid is 31 per cent above the reserve price of $489 psf ppr and 83 per cent above the price of $350 psf ppr paid for the adjacent The Metropolitan site in November 2005.

'This price of $639 psf ppr will translate into an estimated breakeven price of about $1,000 psf for the future condominium project to be built on this site, and it is likely that units will sell between $1,100 and $1,200 psf,' Mr Tay said.

Sub-sales of units at The Metropolitan are currently at around $900-1,100 psf, CBRE said.

The 99-year leasehold site has a maximum gross floor area of 451,400 sq ft. The site could yield about 360 to 400 condominium units, said Knight Frank's Mr Mak.

Market watchers said that the upcoming development could see strong demand from occupiers of older private residential projects - especially home owners who had benefited from collective sales.

There might also be some potential for upgraders from the HDB estates in the vicinity, as HDB flats in the Bukit Merah and Queenstown area typically sell for among the highest prices in the HDB resale market, CBRE's Mr Tay said.

According to HDB's data for the third quarter of 2007, five-room flats in Bukit Merah have a median resale price of $530,000, while five-room and executive flats in Queenstown have median resale prices of $603,000 and $719,000 respectively.

Wing Tai and UE's bid is 6 per cent higher than the second highest bid of $602 psf ppr put in by Lafe Technology.

The partners' bid is also 28 per cent higher than the lowest bid of $501 psf ppr put in by GuocoLand.

Copyright © 2007 Singapore Press Holdings Ltd. All rights reserved.

Excelsvr

December 28th, 2007, 10:15 AM

wees8

December 28th, 2007, 03:08 PM

There is a U-shaped road that is supposed to "wrap" the plot up that isn't built yet right?

The U-shaped road has not been built.

Excelsvr

December 29th, 2007, 02:10 AM

The U-shaped road has not been built.

So it would probably be built when the development is under construction since developer would probably put the main entrance there than on the main road.

wees8

December 30th, 2007, 05:56 AM

Dec 28, 2007

Residential site in Alexandra Road attracts strong bids

Wing Tai teams up with Greatearth Construction for $288m top offer

By Tan Hui Yee, Housing Correspondent

A RESIDENTIAL plot in Alexandra Road has attracted a bullish top bid of $288.4 million despite recent talk of a cooling market.

Developer Wing Tai Land teamed up with building company Greatearth Construction to submit the top bid for the plum site near Redhill MRT Station and just outside the Central Business District.

The bid works out to $639 per sq ft (psf) per plot ratio (ppr), which broadly refers to the amount of floor space.

The site - which is likely to feature a mid-market condominium - has a gross floor area of 451,428 sq ft, which consultants estimate will yield about 400 homes in blocks of up to 40 storeys high.

At the close of the tender yesterday, the 0.86ha, 99-year leasehold site had attracted five other bids from big players including Frasers Centrepoint, GuocoLand and Billion Rise - believed to be linked to Hong Kong giant Cheung Kong Holdings.

A joint bid was made by Sunny Vista Developments and TID. The second-highest bid of $271.6 million, or $602 psf ppr, came from a relative unknown - Lafe Development, a unit of listed manufacturer Lafe Technology. The tender will be awarded later.

In November 2005, an adjacent residential plot - where The Metropolitan is being built - fetched $350 psf ppr.

Property consultants said the strong response to this latest tender bodes well for the market. Knight Frank's head of consultancy and research, Mr Nicholas Mak, said: 'It gives a certain indication of how developers feel about the market in the coming 12 months or so. They expect current prices to continue to grow, especially in the mid-tier segment.'

Sluggish results for recent land sales had fuelled talk that developers were turning cautious because of the United States sub-prime crisis.

Two residential plots in Enggor Street in Tanjong Pagar recently drew no more than three bids and lower-than-expected prices, while another in Marina View attracted just two interested parties. In Tampines, a transitional office site drew only one offer.

Savills Singapore's director of marketing and business development, Mr Ku Swee Yong, said: 'It's a good closing to the year. It means the year didn't end on a whimper.'

Both Mr Ku and Mr Mak felt the Wing Tai-Greatearth team had been able to pip the rest of the field because they could rein in building costs with the latter aboard.

Surging construction costs had recently forced the Government to delay at least $2 billion worth of public sector projects to ease the pressure on building resources.

CB Richard Ellis' director of research, Mr Leonard Tay, expects the Alexandra project to benefit from 'potentially strong demand' from residents living in older private homes on the city fringes, especially those who have just sold their homes collectively.

'There might also be some potential for upgraders from the HDB estates in the vicinity, as HDB flats in the Bukit Merah and Queenstown areas typically sell for among the highest prices in the HDB resale market,' he added.

In the July to September period, five-room flats in Queenstown were going for a median price of $603,000.

Mr Tay and Mr Ku both estimated a breakeven price of about $1,000 psf for the future condo on the Alexandra plot, which would mean the future units could sell for $1,100 psf to $1,200 psf.

Mr Mak put his estimate of the breakeven cost at $1,020 to $1,100, which could mean a three-bedroom unit would go for $1.5 million.

tanhy@sph.com.sg

shctaw

December 30th, 2007, 06:01 AM

URA already awarded the site to the top bidder on 28 Dec.

URA only took 1 day to award the project, it mean the price is above what they have expected.

Excelsvr

December 30th, 2007, 07:49 AM

URA already awarded the site to the top bidder on 28 Dec.

URA only took 1 day to award the project, it mean the price is above what they have expected.

So it is unlike Marina View Parcel B where URA took a long time to award the land to because the bids are below their expected price?

wees8

December 30th, 2007, 08:08 AM

Marina View's Land Parcel B was awarded at $779 psf ppr.

Alexandra Heights was awarded at $639 psf ppr.

The ratio of the winning bids for Marina View's Land Parcel B to Alexandra Heights is 779 / 639 = 1.22, a 22% premium.

Excelsvr

December 30th, 2007, 10:49 AM

wees8

January 1st, 2008, 04:26 PM

arthur

January 2nd, 2008, 03:01 PM

Another comparison (the date is the date of award) :

28 Dec 2007, Alexandra Heights, $639 psf ppr

5 Dec 07, Marina View (Land Parcel B), $779 psf ppr

20 Nov 2007, Enggor Street (Land Parcel B), $717 psf ppr

9 Nov 2007, Enggor Street (Land Parcel A), $852 psf pprmarina view parcel B is a fair price as there are many things cannot be done in the land yet, see the other bidder also bid around the price. Also is not a pure residential site. I dont know about enggor parcel though.

RafflesCity

August 3rd, 2008, 12:43 PM

Seems like the developer has gained entry into site and hoarded it up.

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

RafflesCity

August 3rd, 2008, 12:51 PM

So it would probably be built when the development is under construction since developer would probably put the main entrance there than on the main road.

Yes. The Metropolitan will build a portion of the future road to gain entry into its site. This development will continue that road. Direct access is not allowed from Alexandra Rd I believe.

glenj

September 7th, 2008, 05:13 PM

Noticed the hoarding's up, but no chance yet to view the project board, if at all one's been put up. Anyone has any idea how tall's this one?

RafflesCity

September 8th, 2008, 01:44 PM

It will be 48 storeys, according to WingTai:

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

glenj

September 8th, 2008, 04:51 PM

Cool.. even taller than the Metropolitan next door. Tks for the link.

ayanami

September 9th, 2008, 12:23 PM

Anyone knows when this project will be launched ?

pettai

September 18th, 2008, 10:03 AM

Anyone knows when this project will be launched ?

judging from the current market sentiment, don't think it can launch at even the so-called breakeven price. So, most likely it will have to wait till the market sentiment improves. That will at least take another 6 months or so, provided there isn't another Lehman-style collapse among the financial institution.

HLT

October 28th, 2008, 09:34 AM

Went past the site today - looks like they are building a show flat?

RafflesCity

March 6th, 2009, 07:20 AM

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

http://www.wingtaiasia.com.sg/images/Ascentia%20Sky/AscentiaSkyMap2.jpg

Icez

June 11th, 2009, 01:16 AM

Last check with devt they are planning to launch by year end...hmmm prices to creep up in most areas by then..anyway u can go online and register u interest..so maybe they are collecting potential buyers listings for previews now..

Strike06

June 16th, 2009, 06:39 PM

Project is launching pretty soon. Watch out for the deluge of advertisement teasers...

Will update when more details are available.

Icez

June 19th, 2009, 12:58 AM

Project is launching pretty soon. Watch out for the deluge of advertisement teasers...

Will update when more details are available.

yeah think they are launching these coming few weeks.. :)

mingwen

June 22nd, 2009, 02:07 PM

yeah think they are launching these coming few weeks.. :)

its gona be very expensive,from 1000psf at least.
dont jump into it... :cheers:

Icez

June 22nd, 2009, 08:06 PM

its gona be very expensive,from 1000psf at least.
dont jump into it... :cheers:

Nah...I bought their TOPed neighbour :) with very nice tanglin/orchard view also :p

Strike06

June 27th, 2009, 01:43 PM

Prices going to be between 1250 to 1500 psf.

Icez

June 27th, 2009, 02:38 PM

Prices going to be between 1250 to 1500 psf.

ehh..they think it's district 9/10? So expensive??

ayanami

June 28th, 2009, 02:26 AM

Prices going to be between 1250 to 1500 psf.

My agents told me that prices will start FROM 1200 psf. 1-2 months ago, the original plan was to price it starting from 1000 psf. After the recent upswing in property prices, the developer changed their mind.

Aaronchong

June 28th, 2009, 12:59 PM

:ohno::ohno::ohno:http://i169.photobucket.com/albums/u234/aaronchong/2brm.jpg

:ohno::ohno::ohno:http://i169.photobucket.com/albums/u234/aaronchong/3brm.jpg

:ohno::ohno::ohno:http://i169.photobucket.com/albums/u234/aaronchong/4brm.jpg

mingwen

June 28th, 2009, 02:50 PM

My agents told me that prices will start FROM 1200 psf. 1-2 months ago, the original plan was to price it starting from 1000 psf. After the recent upswing in property prices, the developer changed their mind.

not worth it at all! prices are going crazy now :bash:
dont go into it :bash:

ayanami

June 28th, 2009, 03:25 PM

Thanks for sharing the floor plan.

Having huge balcony, planter and bay windows are a result of the developer's greed. This design is approved BEFORE the changes in URA/BCA rule change regarding planter/balcony classification in GFA.

mcmlxxvi02

June 29th, 2009, 09:13 AM

It is true. VVIP preview already state asking price at ~ 1200psf.

Boy at this price might as well buy condo in city... not in 'hdb estate'....

Icez

June 29th, 2009, 09:24 AM

not worth it at all! prices are going crazy now :bash:
dont go into it :bash:

mingwen - you got a place @ metropolitan? :P

Icez

June 29th, 2009, 09:25 AM

It is true. VVIP preview already state asking price at ~ 1200psf.

Boy at this price might as well buy condo in city... not in 'hdb estate'....

any good condo in the city @ ~ 1200psf...am keen really...

Icez

June 29th, 2009, 09:28 AM

not worth it at all! prices are going crazy now :bash:
dont go into it :bash:

unfortunately there are alot of crazy people around these days...just rushing to buy like free...

see the devt logo it is labelled as tanglin not redhill hehehe...

Icez

June 29th, 2009, 09:34 AM

people are rushing in to buy metro b4 ASky launch...since ASky is selling so high..can hitch a $ wave ride... :) or maybe backfire any thoughts?

mingwen

June 29th, 2009, 07:56 PM

any good condo in the city @ ~ 1200psf...am keen really...

i dont own any metropolitan at all.
but if u wana buy ascentia sky,might as well get metropolitan cos it just t.o.p.
u can move-in immediately or start renting out already..furthermore prices are lower than ascentia sky..for 1100psf,u can get a good unit at metropolitan..imho :cheers:

mingwen

June 29th, 2009, 08:02 PM

any good condo in the city @ ~ 1200psf...am keen really...

try domain 21,just t.o.p last year..its leasehold also n its at the tip of river valley.
its quite a classy development with nice fittings,prices around 1200psf + - :cheers:

cnud

June 30th, 2009, 11:46 AM

The pool at Domain 21 very nice and slim.. but bit smallish.

infinity88

June 30th, 2009, 12:21 PM

http://img523.imageshack.us/img523/8461/infinity88ascentia.jpg (http://img523.imageshack.us/i/infinity88ascentia.jpg/)

infinity88

June 30th, 2009, 12:26 PM

unfortunately there are alot of crazy people around these days...just rushing to buy like free...

see the devt logo it is labelled as tanglin not redhill hehehe...

What is new? :ohno:
In Novena, labeled as Newton;
In Geylang, labeled as Mountbatten
In Balestier, labeled as Thomson;
In Redhill, labeled as Tanglin.

Walter Lee

June 30th, 2009, 01:17 PM

Price Observer

June 30th, 2009, 02:57 PM

metropolitan sellers may raise prices because of A. Sky's launch prices though :ohno:

i dont own any metropolitan at all.
but if u wana buy ascentia sky,might as well get metropolitan cos it just t.o.p.
u can move-in immediately or start renting out already..furthermore prices are lower than ascentia sky..for 1100psf,u can get a good unit at metropolitan..imho :cheers:

Price Observer

June 30th, 2009, 02:58 PM

I hope it backfires, the prices seem to be a rip off.

people are rushing in to buy metro b4 ASky launch...since ASky is selling so high..can hitch a $ wave ride... :) or maybe backfire any thoughts?

Price Observer

June 30th, 2009, 03:01 PM

People need to cool off and think clearly. The rental fetched won't be able to provide much cushion vs the monthly installments while those who are buying for own stay are going to carry a heavy burden on their back. sigh.

unfortunately there are alot of crazy people around these days...just rushing to buy like free...

see the devt logo it is labelled as tanglin not redhill hehehe...

Price Observer

June 30th, 2009, 03:07 PM

Wing Tai is certainly greedy. I hope the response is no good. Otherwise, other developers will just learn from example and suddenly just raise their prices by 20% just like that.

Noticed that the bedrooms have both bay windows and planters? these planters are purely for putting potted plants, its not those ground level type where you can do timbre decking and step out like a mini balcony.

Thanks for sharing the floor plan.

Having huge balcony, planter and bay windows are a result of the developer's greed. This design is approved BEFORE the changes in URA/BCA rule change regarding planter/balcony classification in GFA.

Icez

June 30th, 2009, 03:51 PM

Icez

June 30th, 2009, 03:52 PM

Wing Tai is certainly greedy. I hope the response is no good. Otherwise, other developers will just learn from example and suddenly just raise their prices by 20% just like that.

Noticed that the bedrooms have both bay windows and planters? these planters are purely for putting potted plants, its not those ground level type where you can do timbre decking and step out like a mini balcony.

but then there are crazy people out there who will buy the latest...

liveartz

June 30th, 2009, 04:34 PM

after a year of inactivity, the property market is frenzy again, goes to show that the pent-up demand from our rich retail investors are indeed powerful. so let's not pour cold water, for now the trend is certainly up. for me, i am at the sideline, not joining into the bandwagon.

Price Observer

June 30th, 2009, 04:43 PM

actually, i am not trying to pour cold water. I just don't want to see people get hurt. Vista Residences launch at 1000+psf, I accept it. You know, so called gradual increase in price compared to The Arte, that's fine. But to jump from 1000psf to 1300psf at one shot for a 99 year leasehold non prime condo, that is pure greed. Throw in the planter+bay windows in all the bedrooms, that's a complete con job. Judging from the sizes, more than 1.2m for a 2 bedder, 1.8m for a 3 bedder and 2.2m for a 4 bedder? That's a huge financial commitment so I hope buyers will think clearly before jumping.

Baby

June 30th, 2009, 04:45 PM

Riverine the 1st freehold condo located in the Great Marina Bay....still remember the joke ! :lol:

What is new? :ohno:
In Novena, labeled as Newton;
In Geylang, labeled as Mountbatten
In Balestier, labeled as Thomson;
In Redhill, labeled as Tanglin.

mingwen

June 30th, 2009, 06:57 PM

Riverine the 1st freehold condo located in the Great Marina Bay....still remember the joke ! :lol:

Exactly, ascentia sky is actually in 'Ang Sua'
to buy a unit there at 1300psf is unthinkable :bash:

mingwen

June 30th, 2009, 07:07 PM

this is my first time posting at Skyscrapercity! Hope to get to know some of you guys and gals out there! I am a real estate broker and collecting cheque deposits for booking of 2/3/4 bedroom apartments at Ascentia Sky. i believe it might be the only development in Singapore with a 45th floor Clubhouse which promises dazzling views!

ascentia sky is definitely not worth buying regardless whether the clubhouse is at the basement or at the rooftop.
prices from 1300psf is absurd..
would advise investors not to jump into it. :ohno:

Icez

July 1st, 2009, 12:21 AM

Exactly, ascentia sky is actually in 'Ang Sua'
to buy a unit there at 1300psf is unthinkable :bash:

Haha yeah...flippers to buy @ 1300psf & sell @ 1500psf? :) unthinkable for now..

infinity88

July 1st, 2009, 03:23 AM

Riverine the 1st freehold condo located in the Great Marina Bay....still remember the joke ! :lol:

I remember the great joke!! :lol::lol::lol:

cnud

July 1st, 2009, 03:30 AM

Relax bros here.. sometimes the unthinkable does happen. The market forces will correct by themselves. But frankly, properties is still the best 'storehouse' for one's wealth. Whether for the short term it's up or down...

Icez

July 1st, 2009, 04:53 AM

Price Observer

July 1st, 2009, 05:26 AM

hey, both Ascentia Sky and Ang Sua same initials A.S. So you are right Ascentia Sky IS Ang Sua.

Exactly, ascentia sky is actually in 'Ang Sua'
to buy a unit there at 1300psf is unthinkable :bash:

liveartz

July 1st, 2009, 08:01 AM

Yes it's unthinkable that Redhill can command this price, well let's just see the results this weekend, if so, then congrats to all property owners. It means that our property recovery is indeed playing out. And woe to the foreign instituition fund who sold Rivergate cheap at $10xx, they are not that smart afterall.:bash:

infinity88

July 1st, 2009, 08:25 AM

...woe to the foreign instituition fund who sold Rivergate cheap at $10xx, they are not that smart afterall.:bash:

They have no choice. They have to liquidate to cover their @ss

Price Observer

July 1st, 2009, 08:48 AM

err...the foreign institution unloaded rivergate at 1380 to 1560psf. They made a fat profit!

http://luxuryasiahome.wordpress.com/2009/05/22/ferrell-puts-80-rivergate-units-back-on-market/

Yes it's unthinkable that Redhill can command this price, well let's just see the results this weekend, if so, then congrats to all property owners. It means that our property recovery is indeed playing out. And woe to the foreign instituition fund who sold Rivergate cheap at $10xx, they are not that smart afterall.:bash:

liveartz

July 1st, 2009, 09:28 AM

Oh sorry the lowest was at 114xpsf transacted for Rivergate in April 09 and was told by an agent that the seller is the instituition fund. Thanks for the correction, PriceObserver.

Price Observer

July 1st, 2009, 10:32 AM

you're welcome. I heard, there was this bunch of agents who successfully scared some sellers to sell their units at 1200psf and some as you saw 11xxpsf. judging from the caveats, that's quite a significant number. these are the poor individual sellers who were victims of a combination of poor sentiment and fear just when the project was about to TOP.

Oh sorry the lowest was at 114xpsf transacted for Rivergate in April 09 and was told by an agent that the seller is the instituition fund. Thanks for the correction, PriceObserver.

Icez

July 1st, 2009, 05:33 PM

Asky prices + discounts coming in pretty attractive. Killed off all those sellers
at metro asking above 11xxpsf...as they might be cheaper w better finishing..

mingwen

July 1st, 2009, 06:53 PM

Asky prices + discounts coming in pretty attractive. Killed off all those sellers
at metro asking above 11xxpsf...as they might be cheaper w better finishing..

AS will take a few years to be ready while metro is already completed n ready for occupation.
its also not worth paying premium price for AS now and also the long wait for its completion the few years. :ohno:

Price Observer

July 1st, 2009, 08:14 PM

guess wing tai realised unable to sell A. Sky at 1350psf so decided to add more discounts to original asking price.

Asky prices + discounts coming in pretty attractive. Killed off all those sellers
at metro asking above 11xxpsf...as they might be cheaper w better finishing..

cnud

July 2nd, 2009, 03:10 AM

I also feel 1350psf too high for this area.

ayanami

July 2nd, 2009, 03:56 AM

Asky prices + discounts coming in pretty attractive. Killed off all those sellers
at metro asking above 11xxpsf...as they might be cheaper w better finishing..

If I may ask, what do you mean by discounts ? You have got the pricing already ? I thought the "launch" is this weekend ?

Price Observer

July 2nd, 2009, 05:05 AM

apparently, wing tai is releasing some floors (#13,#20 and #36) for sale for early birds who will have to buy WITHOUT viewing the showflat. On monday, i was told 5% discount, seems like they have added another 2% discount on top of that yesterday.

yesterday's sms said 1091 to 1361psf. Early Bird 2% + 5% disc. I am not sure the 1091psf is before or after the discounts though.

If I may ask, what do you mean by discounts ? You have got the pricing already ? I thought the "launch" is this weekend ?

ayanami

July 2nd, 2009, 07:45 AM

apparently, wing tai is releasing some floors (#13,#20 and #36) for sale for early birds who will have to buy WITHOUT viewing the showflat. On monday, i was told 5% discount, seems like they have added another 2% discount on top of that yesterday.

yesterday's sms said 1091 to 1361psf. Early Bird 2% + 5% disc. I am not sure the 1091psf is before or after the discounts though.

Thanks for sharing this useful info.

I believe 1091 psf must be for huge units.

If it is indeed 1091 psf for 2 bedder (regardless of whether there is further discount), it is still a decent buy relative to sub-sale prices at Metropolitan (which is asking at 11xx psf nowsdays).

Price Observer

July 2nd, 2009, 07:49 AM

that's true. it must be for large units. 4 bedders smallest size is 1733 and could go up to 19xx sq ft! so all in, i think the normal sales price is still around 1200 to 1300psf even after discount. pretty expensive.

Thanks for sharing this useful info.

I believe 1091 psf must be for huge units.

If it is indeed 1091 psf for 2 bedder (regardless of whether there is further discount), it is still a decent buy relative to sub-sale prices at Metropolitan (which is asking at 11xx psf nowsdays).

Icez

July 2nd, 2009, 10:57 AM

apparently, wing tai is releasing some floors (#13,#20 and #36) for sale for early birds who will have to buy WITHOUT viewing the showflat. On monday, i was told 5% discount, seems like they have added another 2% discount on top of that yesterday.

yesterday's sms said 1091 to 1361psf. Early Bird 2% + 5% disc. I am not sure the 1091psf is before or after the discounts though.

very interesting...ive got sms for different flrs....smart strategy here divide and conquer (buyers) by the various agents...i just told them...Too Expensive...

Icez

July 2nd, 2009, 10:58 AM

Thanks for sharing this useful info.

I believe 1091 psf must be for huge units.

If it is indeed 1091 psf for 2 bedder (regardless of whether there is further discount), it is still a decent buy relative to sub-sale prices at Metropolitan (which is asking at 11xx psf nowsdays).

asking price for metro is different from what is actually achievable le :P

Price Observer

July 2nd, 2009, 11:16 AM

which floors did they offer you? yeah, its a smart strategy and also trying to push more discount without allowing you to see the showflat at this moment. maybe they thought we won't realise that there are planters+bay windows if we do not see the showflat. :nuts:

very interesting...ive got sms for different flrs....smart strategy here divide and conquer (buyers) by the various agents...i just told them...Too Expensive...

Icez

July 2nd, 2009, 04:51 PM

which floors did they offer you? yeah, its a smart strategy and also trying to push more discount without allowing you to see the showflat at this moment. maybe they thought we won't realise that there are planters+bay windows if we do not see the showflat. :nuts:

they are 1-2 flrs below yr low, mid and high floor stacks..haha they r trying this "exclusive tactics"...

Icez

July 2nd, 2009, 05:00 PM

Haha they are scared people won't buy after seeing quality @ showflat so sad :)

ayanami

July 2nd, 2009, 05:30 PM

Maybe this will help WingTai sell higher. :-)

http://img40.imageshack.us/img40/7039/img4159f.jpg

http://img11.imageshack.us/img11/2733/img4160a.jpg

Price Observer

July 2nd, 2009, 06:26 PM

you took this from metropolitan? which floor you reckon will get this view?

Maybe this will help WingTai sell higher. :-)

http://img40.imageshack.us/img40/7039/img4159f.jpg

http://img11.imageshack.us/img11/2733/img4160a.jpg

Chiongster

July 3rd, 2009, 03:27 AM

Hi all,

was just reading thru the thread and interesting, was thinking to buy and was apprehensive, now completely not too sure to buy.

Was thinking of long term investment though not to flip, but worried over quality issue that was raised in Jan, if the so expensive ones got problem ...

Anyone own WingTai homes before can pls advise if they have any problems, cause I don't want to go thru hassels with tenant going after me none stop with problems

Price Observer

July 3rd, 2009, 03:44 AM

yup, reproducing the jan article here for others to read.

http://luxuryasiahome.wordpress.com/2009/01/02/angry-buyers-clash-with-developer-wing-tai-over-alleged-defects/

Hi all,

was just reading thru the thread and interesting, was thinking to buy and was apprehensive, now completely not too sure to buy.

Was thinking of long term investment though not to flip, but worried over quality issue that was raised in Jan, if the so expensive ones got problem ...

Anyone own WingTai homes before can pls advise if they have any problems, cause I don't want to go thru hassels with tenant going after me none stop with problems

ayanami

July 3rd, 2009, 03:50 AM

you took this from metropolitan? which floor you reckon will get this view?

Yes, taken from Metropolitan. It is taken above 30th floor.

Though I have seen the views from 20+ floor. The difference is actually not that much. Both are nice enough in my opinion. In other words, don't overpay if there is a big jump in prices between those 20+ floors and 30+ floors or even higher. To each his own. :)

cnud

July 3rd, 2009, 04:53 AM

Tanglin View and Tanglin Regency better buys I feel.

Icez

July 3rd, 2009, 08:37 AM

Yes, taken from Metropolitan. It is taken above 30th floor.

Though I have seen the views from 20+ floor. The difference is actually not that much. Both are nice enough in my opinion. In other words, don't overpay if there is a big jump in prices between those 20+ floors and 30+ floors or even higher. To each his own. :)

Thanks ayanami - made me feel better now that I sold off...a view that I can live without... IMHO, if you are buying a unit below sky terrace for metropolitan, no point as will be staring at tanglin regency...

ayanami

July 3rd, 2009, 10:30 AM

Thanks ayanami - made me feel better now that I sold off...a view that I can live without... IMHO, if you are buying a unit below sky terrace for metropolitan, no point as will be staring at tanglin regency...

Good to hear that. To feel regret after selling one's property is a lousy feeling.

Agree with your second point, but only if you are evaluating it from the perspective as an owner-occupier.

But as an investor, the right price will have everything to do with the decision making process. Like what our guru shctaw will probably said, "give me a carpark view or a longkang view or the lowest floor in the development, I don't care and will buy it as long as the price is low enough."

I used to place a very high premium on fantastic views, but along the years and learning from the folks here, I have learned to look for good value units, rather than superior views.

Price Observer

July 3rd, 2009, 10:38 AM

interesting that we are discussing good value on this thread. I can't see how this project is of good value at the price it is selling at.:lol:

Good to hear that. To feel regret after selling one's property is a lousy feeling.

Agree with your second point, but only if you are evaluating it from the perspective as an owner-occupier.

But as an investor, the right price will have everything to do with the decision making process. Like what our guru shctaw will probably said, "give me a carpark view or a longkang view or the lowest floor in the development, I don't care and will buy it as long as the price is low enough."

I used to place a very high premium on fantastic views, but along the years and learning from the folks here, I have learned to look for good value units, rather than superior views.

Icez

July 5th, 2009, 06:34 AM

Good to hear that. To feel regret after selling one's property is a lousy feeling.

Agree with your second point, but only if you are evaluating it from the perspective as an owner-occupier.

But as an investor, the right price will have everything to do with the decision making process. Like what our guru shctaw will probably said, "give me a carpark view or a longkang view or the lowest floor in the development, I don't care and will buy it as long as the price is low enough."

I used to place a very high premium on fantastic views, but along the years and learning from the folks here, I have learned to look for good value units, rather than superior views.

Thanks for the tip, will keep that in mind... :)

Icez

July 6th, 2009, 12:04 AM

Anyone bought ASky?

Minority

July 6th, 2009, 06:20 AM

SKY HIGH price ah...

liveartz

July 6th, 2009, 07:23 AM

What's the price range psf?

AgentStLee

July 7th, 2009, 02:33 AM

After the discount, the price is around $12xx psf

Icez

July 7th, 2009, 03:14 AM

After the discount, the price is around $12xx psf

Is this for sky high floor?

cnud

July 7th, 2009, 03:16 AM

After the discount, the price is around $12xx psf

So how's the sales like? Agent Lee?

Icez

July 7th, 2009, 03:22 AM

So how's the sales like? Agent Lee?

VVIP preview this Friday, gonna pop by to check it out...they priced it v close to Metro's current owners asking price, so they are shifting potential buyers from Metro across to them...going to see how the furnishing / facilities will differ from metro...

one funny agent I spoke to when I ask how does it compare to neighbour metro? the agent told me, in 3 years time, metro will be old then...so ASky is better... :bash: really funny joke...:lol:

infinity88

July 7th, 2009, 03:45 AM

VVIP preview this Friday, gonna pop by to check it out...they priced it v close to Metro's current owners asking price, so they are shifting potential buyers from Metro across to them...going to see how the furnishing / facilities will differ from metro...

one funny agent I spoke to when I ask how does it compare to neighbour metro? the agent told me, in 3 years time, metro will be old then...so ASky is better... :bash: really funny joke...:lol:

:lol::lol:

Most property agents are ignorant. Never rely too much on them.

mingwen

July 7th, 2009, 05:38 AM

VVIP preview this Friday, gonna pop by to check it out...they priced it v close to Metro's current owners asking price, so they are shifting potential buyers from Metro across to them...going to see how the furnishing / facilities will differ from metro...

one funny agent I spoke to when I ask how does it compare to neighbour metro? the agent told me, in 3 years time, metro will be old then...so ASky is better... :bash: really funny joke...:lol:

agents will say anything to entice u to buy,so dont listen to them.
be your own judge :banana:

Baby

July 7th, 2009, 06:54 AM

The planters for Metro is deep and large...and many of them.
Cover the drainage hole during heavy rain, and your small kids can have their own sky mini pool in the living room and bed rooms.
This is very high class as mimic mini kid's MarQ's sky pool for every unit.

Asky is following the similar design as well...so with mini pools attached at $1300psf is not that expensive....:lol:

Icez

July 7th, 2009, 08:07 AM

Baby

July 7th, 2009, 04:12 PM

Kids ignorance mah.......:lol:
have u seen any condo with childrens pool under MRT tracks? Dunno what they were thinking or dreaming about when designing metroxx frankly..

AK47

July 7th, 2009, 04:58 PM

Good one...

Imagine the kids in the pool pointing "mum! train train!!" :banana:

Kids ignorance mah.......:lol:

mingwen

July 8th, 2009, 07:04 AM

Good one...

Imagine the kids in the pool pointing "mum! train train!!" :banana:

those who bought AS recently hoping to flip it will have a hard time hoping to make a profit :bash: this is especially so with the 'SKY' high prices of this ANG SUA project... :bash:
gahmen is gona implement tax on property gains very soon..
i am sure investors will be thinking twice before jumping in. :ohno:

SonofaDude

July 8th, 2009, 07:24 AM

gahmen is gona implement tax on property gains very soon..

Seriously? Like that property prices may just drop back to 1960s level. :lol:

zeeksg

July 8th, 2009, 07:33 AM

One thing I am absolutely sure of is that they won't implement it before 'Elections'...

phantom_opera

July 8th, 2009, 07:40 AM

have u seen any condo with childrens pool under MRT tracks? Dunno what they were thinking or dreaming about when designing metroxx frankly..

I have seen park connector below MRT tracks, playground within 10m of MRT track, landed properties within 20m of MRT tracks in suburbs ... there is nothing wrong with it. In fact, MRT tracks provide sun shading :-)

infinity88

July 8th, 2009, 09:05 AM

I have seen park connector below MRT tracks, playground within 10m of MRT track, landed properties within 20m of MRT tracks in suburbs ... there is nothing wrong with it. In fact, MRT tracks provide sun shading :-)

Land in Singapore is scarce, must use every inch of it.

mingwen

July 8th, 2009, 01:36 PM

Seriously? Like that property prices may just drop back to 1960s level. :lol:

ya,maybe u are right :lol: :lol: :lol:
but tax on property gains will happen for sure :nuts:

Icez

July 8th, 2009, 05:52 PM

those who bought AS recently hoping to flip it will have a hard time hoping to make a profit :bash: this is especially so with the 'SKY' high prices of this ANG SUA project... :bash:
gahmen is gona implement tax on property gains very soon..
i am sure investors will be thinking twice before jumping in. :ohno:

If they implement, they can't rollback the dates to recent purchases / sales right?

mingwen

July 8th, 2009, 06:23 PM

If they implement, they can't rollback the dates to recent purchases / sales right?

we'll have to wait n see whats gona happen?nobody knows how the gahmen is implementing it. :ohno:

HLT

July 8th, 2009, 06:48 PM

we'll have to wait n see whats gona happen?nobody knows how the gahmen is implementing it. :ohno:

From the draft legislation, it would appear that the new proposed section 10G applies to disposals on ar after January 1, 2010.

Icez

July 9th, 2009, 09:07 AM

Asky sudden urgent preview today :nuts: ...am going down to check it out... WingTxx panic due to recent rumor of capital taxes? :P

Minority

July 9th, 2009, 10:28 AM

Asky sudden urgent preview today :nuts: ...am going down to check it out... WingTxx panic due to recent rumor of capital taxes? :P

yeah wonder if that is the case. Sophia Residence also today preview open. usually is on weekend right?

sgproperty-advisor

July 9th, 2009, 11:41 AM

gahmen is just clearing up the air, amend the laws to make it clearer. Here is a high-level of what the papers are reporting...

A PROPOSED change to income tax laws will make clearer to property sellers when they will be taxed on their profits.

Anyone who sells only one property in any four-year period will not be taxed on his profit, according to a proposed amendment to the Income Tax Act.

But if he sells another property within four years of the first sale, the profit from the second sale may be taxable.

If the proposal becomes law, it will provide certainty for owners who now cannot be sure if the taxman will come calling after they sell.

Under existing rules, an individual does not pay tax on gains made from selling a property unless the taxman decides that he is trader - someone who buys and sells multiple properties within a short time span. And there is no way for the seller to know in advance if he might be deemed a trader.
http://sgproperty-advisor.blogspot.com/2009/07/flippers-to-be-taxed-soon.html

ayanami

July 9th, 2009, 04:55 PM

Just went to Ascentia Sky showroom.

Only 12 units per room type available for sale.

If buy today or tommorrow, will continue to enjoy the additional early bird 2%.

For 2 bedders Tanglin facing,

#12 (1209 psf)
#19 (1239 psf) [Both units sold]
#34 (1322 psf) [One out of 2 units sold]

In other words, 3 out of 6 released Tanglin-facing two bedrooms are sold by 8pm (showroom opened at 5 pm according to agent).

What really puzzles me is the very small price difference between the Tanglin facing units and Redhill HDB facing units on the same level. The spread is only about 15-20 psf for the same floor. If the pricing is indeed correct, then who will want to buy the Redhill-facing ones? :nuts:

HLT

July 9th, 2009, 05:01 PM

Icez

July 10th, 2009, 04:29 AM

It appears that the plots to the east and south east of ASky are reserved for future residential development. Is that correct?

ASky is nearer to the Tanglin road, so the behind plots (nearer the mrt) maybe sold of next time to another development? So MRT noise will be blocked. Yes, if East facing is sold, then no more Flyer view apart from the 45 flr sky terrrace or function room...

HLT

July 10th, 2009, 05:14 AM

ASky is nearer to the Tanglin road, so the behind plots (nearer the mrt) maybe sold of next time to another development? So MRT noise will be blocked. Yes, if East facing is sold, then no more Flyer view apart from the 45 flr sky terrrace or function room...

Then I agree with Ayanami - if there is only a small difference in price between the Tanglin and Redhill facing units, why would I choose the latter?

mingwen

July 10th, 2009, 08:28 AM

Jedimaster06

July 10th, 2009, 09:51 AM

Then I agree with Ayanami - if there is only a small difference in price between the Tanglin and Redhill facing units, why would I choose the latter?

Yes, there will be if units are at heights over towering those of the Redhill HDB flats and with a view of the Southern islands and hence commanding sea view.

ayanami

July 10th, 2009, 10:06 AM

Yes, there will be if units are at heights over towering those of the Redhill HDB flats and with a view of the Southern islands and hence commanding sea view.

I have seen the southern view above 35th storey from Metro.

Hmm...as a personal preference, I definitely think the Tanglin-facing view is much better as it is much more OPEN, less cluttered, lots of greenery with the rolling Bukit Timah in the distant background.

The southern view is very dense, with lots of HDB in the foreground (and of course complimentary MRT noise).

I have a picture of the southern view. Perhaps I should post it some day.

cnud

July 10th, 2009, 10:27 AM

If the view is better at Tanglin direction, Tanglin View would be a better choice.. cheaper some more..

Price Observer

July 10th, 2009, 01:08 PM

unless the future development is 46 storey high :lol:

ASky is nearer to the Tanglin road, so the behind plots (nearer the mrt) maybe sold of next time to another development? So MRT noise will be blocked. Yes, if East facing is sold, then no more Flyer view apart from the 45 flr sky terrrace or function room...

Price Observer

July 10th, 2009, 01:15 PM

seems like all panicked, yesterday Sophia residence also brought forward (originally slated for today), Asky also and today Ferrell Residence also panicked and started preview today. Looks like the sentiment is cooling.

yeah wonder if that is the case. Sophia Residence also today preview open. usually is on weekend right?

sgproperty-advisor

July 10th, 2009, 04:58 PM

do you notice more tv ads by hayden and sc global? my theory is once these ultra luxury devts launches, that's perhaps a signal we are nearing the tail-end of this rally.

liveartz

July 11th, 2009, 05:38 AM

these 2 super high-end developers' stock are above $3000psf, i doubt local investors can absorb them like what they have been doing so far. foreign institution or retail funds need to join this buying wave, otherwise i would think this round of rally will not include the super luxury properties; but that doesn't mean the rally will come to an end yet since there are still demand for mass prop and those below $2kpsf properties due to its relative affordability.

Icez

July 28th, 2009, 04:42 PM

Asky still asking sky high prices huh?

Icez

July 30th, 2009, 01:50 AM

Was at showflat yesterday many agents but a handful viewers only nice ID, and good effort in creating different communal space for the residence quite different from metro..but guess u need to pay al least 1xxpsf for asky.

Price Observer

August 9th, 2009, 07:47 AM

that's why they are called Asky. Anyway, not moving so much, potential buyers are not completely crazy yet.

Asky still asking sky high prices huh?

vlin

August 11th, 2009, 08:34 AM

Tanglin View and Tanglin Regency better buys I feel.

same sentiments, especially Tanglin Regency which has a District 10 address.

Icez

August 19th, 2009, 04:34 PM

same sentiments, especially Tanglin Regency which has a District 10 address.

Tanglin Regency managed to sneak into Distance 10? Interesting :P Just across the road from Metro & ASky...:bash:

vlin

September 4th, 2009, 10:27 AM

Considering that it’s address is officially Tanglin Road, it’s also not wrong that it is District 10.

Or were you talking about next door Tanglin View? :nuts:

Icez

September 20th, 2009, 08:19 AM

Considering that it’s address is officially Tanglin Road, it’s also not wrong that it is District 10.

Or were you talking about next door Tanglin View? :nuts:

anyway doesn't really matter feels more of redhill then tanglin frankly... :) this area is pretty noisy with above ground mrt and high traffic..

ayanami

March 21st, 2010, 05:17 PM

PrecisionDrive

March 21st, 2010, 05:28 PM

Someone bought a unit at Ascentia Sky for $1,477 psf in October last year.

Someone bought a unit at Vista Residences for $1,471 psf in January this year.

Minority

March 22nd, 2010, 04:29 AM

Someone bought a unit at Ascentia Sky for $1,477 psf in October last year.

Someone bought a unit at Vista Residences for $1,471 psf in January this year.

wow... seems like sky's the limit

wklibran

March 23rd, 2010, 07:47 AM

A large unit 1776 sqft is sold for $1267 psf in Feb 2010.

A high floor unit sold for S$1383 psf in Jan 2010.

Note that about only about half of 373 units are launched in Aug-Sep 09. They are launched at about 12xx-14xx psf.

Phase 2 launch prices should be higher in view of what prices are achieved in The Vision (10xx-12xx psf), Vista Residences (high of 1465 psf in Jan 10) etc...

i passby the site over the weekend... seems like the foundation of the building is almost done..

i wonder why the developer is not launching the remaining units also, given the strong interest in ppty market currently...

PrecisionDrive

March 23rd, 2010, 08:09 AM

Someone bought a unit at Ascentia Sky for $1,477 psf in October last year.

Someone bought a unit at Vista Residences for $1,471 psf in January this year.wow... seems like sky's the limit
Someone bought a unit at Prestige Heights in Balestier for $1,506 psf in January this year.

Ascentia Sky's $1,477 psf and Vista Residences' $1,471 psf are peanut and groundnut compared to Prestige Heights' $1,506 psf.

sgproperty-advisor

March 23rd, 2010, 08:15 AM

these psf must be considered in context of unit size.

ayanami

May 8th, 2010, 11:15 AM

wklibran

May 9th, 2010, 06:29 AM

Wing Tai is having private preview of the Phase 2 units of Ascentia Sky.

All remaining last few units of 2 bedders facing Tanglin side are all sold.

Last week, a high floor unit 2 bedder is sold at 1580 psf ! :cheers:

i heard about that too... they threw in some goodies such as universal studio annual pass for the private preview buyers ahead of their phase 2 launch ....

1580 psf in these days for a RCR is indeed reasonable i think.... given the demand for other recent launches in hillview and clementi...

wees

May 21st, 2010, 07:33 PM

Government just announced the site adjacent to Ascentia Sky to be on the Reserve List for 2nd Half of 2010.

Announcement is found here: http://www.ura.gov.sg/pr/text/2010/pr10-62.html

The map of the site is here: http://www.ura.gov.sg/pr/graphics/2010/pr10-62a26.pdf

ayanami

May 22nd, 2010, 03:43 AM

Thanks wees for the update.

Noticed that estimated number of housing units is 490, a relatively large-sized development.

Actually, if you observe it in more detail, the stretch of land between Alexandra Road and Prince Philip Ave [beside Tanglin View] will eventually be developed. Though in a different league, it reminds me of Kim Seng Road. Five years ago, it is "overlooked". Then came Cosmopolitan and the rest is history.

The potential is there because :
1. City Fringe (quick access into Orchard via Tanglin Road)
2. Unblocked panoramic (GCB area in the north direction)
3. Canal view (lifestyle) [minimal in my opinion but I am sure it will be hyped and marketed as riverside living.]

But it will take a long time for the area to transform.

So, the buyer who paid S$1580 psf for the 2 bedder for Ascentia Sky is a long term investor!

Government just announced the site adjacent to Ascentia Sky to be on the Reserve List for 2nd Half of 2010.

Announcement is found here: http://www.ura.gov.sg/pr/text/2010/pr10-62.html

The map of the site is here: http://www.ura.gov.sg/pr/graphics/2010/pr10-62a26.pdf