18 Sep 07

URA launches tender for residential development at Enggor Street (Land Parcel B)

The Urban Redevelopment Authority (URA) launched the site at Enggor Street (Land Parcel B) for sale by public tender today.

Land Parcel B at Enggor Street is one of the ten sites that were transferred from the Reserve List to the Confirmed List of the Government Land Sales Programme for the second half of 2007, as announced by MND on 14 June 2007.

This is the second residential site to be launched for tender at Enggor Street. The earlier residential site at Enggor Street (Land Parcel A) was launched on 4 September 2007. The tender for Land Parcel A at Enggor Street will close on 1 November 2007. Details of Land Parcel A are available in the press release issued on 4 September 2007.

http://www.ura.gov.sg/sales/EnggorStLPB/images%20others/Map-B(645).jpg

Was at ICON last Sat...FEO selling above 40 storeys--looked at the price list and the sea view was marginally lower than that of the city.

18 Sep 07

http://www.ura.gov.sg/sales/EnggorStLPB/images%20others/Map-B(645).jpg


I was at URA last Saturday.

The plot behind M hotel, adjacent to Lippo Centre has been re-zoned from commercial to residential with 1st floor commercial.

The Anson Centre, in front of Lumiere had also been zoned 2 months ago from commercial to residential.

Looks to me an increasing number of residential coming up around the Tanjong Pagar at Gopeng Street ( Icon ), Enggor Street ( 2 sites ) and Anson Road ( Lumier, plus 2 re-zone plots )

The Marina House facing Shenton way, just behind Lumier, belongs to CDL failed to obtain approval to convert from commercial to residential, but they will be re-developing to a new office to fully utilize the GFA.

Not sure what's the impact to the existing residential around that area. May be Icon, & Lumiere's price will go up when it's next neighbour get launch for sale. But overtime, will there be too much competition for rental ?

What's the plot ratio for the plot behind M hotel, adjacent to Lippo Centre?

cheers

excelsvr

Lower bids for Enggor St condo site could signal cooling market

16 Nov 07

http://www.ura.gov.sg/sales/EnggorStLPB/images%20others/Map-187x193.jpg

A CONDOMINIUM site in Tanjong Pagar raised eyebrows yesterday when it drew lower bids than a neighbouring plot, which was sold just two weeks ago.

In a market that has been booming, this is the latest in a series of lukewarm responses to government land sales. Experts say it is further evidence that sentiment in the property market may be fast cooling.

The condo plot, along Enggor Street in Tanjong Pagar, fetched a top bid of $180.8 million when its tender closed yesterday. Allgreen Properties put in the highest offer, pipping bids by Far East Organization and GuocoLand.

Its price works out to $717 per sq ft per plot ratio (psf ppr) - well below the $852 psf ppr achieved by the plot just next to it, which drew only two offers when the tender closed. That prompted market watchers to warn that the mood might have changed. Even then, the high bid, from Far East, was some $70 million above yesterday’s top offer.

The two land parcels, which are located behind the Icon condominium and a stone’s throw from the Tanjong Pagar MRT Station, are of similar size.

The situation mirrors that in Marina View. Two months ago, a site there fetched a record $2 billion bid - but a neighbouring plot managed only half that price when its tender closed on Tuesday.

Earlier this month, an office site in Tampines drew only one bid, at a lower price than most consultants had expected.

These tepid sales come after the Government last month unexpectedly removed the deferred payment scheme for homebuyers in what was seen as a bid to curb speculation. Homebuyers can no longer postpone the bulk of their payments and must now pay progressively.

Although the Government has since come out to say that it has no further plans to cool the property market, the once-powerful winds appear to have shifted.

Yesterday’s tender is a reflection that ‘developers are turning cautious’, said Mr Ku Swee Yong, the director of marketing and business development at Savills Singapore.

He offered several reasons for the lower bids. For one thing, construction costs are surging, but home prices are not rising as quickly, he said. This means developers have to find a way to lower their land costs.

Luxury homes used to cost $300 psf to $350 psf to build, but this has now gone up to about $600 psf because of a construction squeeze, he explained.

At the same time, there are plenty of freehold collective sale sites still on the market that have not found takers. Faced with many options for land, developers might be less attracted to 99-year leasehold sites from the Government, suggested Mr Ku.

In any case, the Enggor Street plot was ‘not exactly a choice site’, he said, adding that it has ’small floor plates, its views are blocked and it is very close to the next building’.

Partly because of this, the top bid for the site, while lower than that for the plot next door, is ‘reasonable’, he said.

With the developer’s breakeven cost estimated at around $1,200 psf or $1,300 psf, finished homes could sell for at least $1,700 psf. Mr Li Hiaw Ho, the executive director of CB Richard Ellis Research, said current prices at nearby projects such as Icon, Lumiere and The Clift are between $1,600 psf and $2,100 psf.

Despite the lower prices being paid for state land now, consultants think this will not translate into cheaper homes, thanks to rising construction costs and still-strong demand from homebuyers.

But Mr Nicholas Mak, the director of research and consultancy at Knight Frank, warned that if the Government continues to release more land, it might result in a supply glut that could cause prices to plunge.

‘We are standing at the threshold of a glut, but it is still preventable,’ he said, adding that the low bids in recent state tenders will not affect existing projects, but will affect future land tenders.

‘If the Government pushes out more land parcels, and bids continue to slide downwards, some of the earlier buyers of state land are going to find it very challenging to sell their developed properties at a profitable rate.’

All eyes will now be on the government land sales programme for next year, which is due out next month. If the Government places many sites on the confirmed list, to be sold at a fixed date regardless of interest, this could lead to opportunistic bidding by developers and push down prices, consultants said.

Apart from the Enggor Street tender, Mr Mak said that the latest home sales data released by the Urban Redevelopment Authority yesterday also points to weaker sentiment.

Homebuyers remained cautious last month, taking up only slightly more new homes than in September. They bought 590 new homes, up from 529 previously, but still a far cry from the 1,720 snapped up in August.

But while sales levels stayed low, home prices kept steady, even inching up for many projects. Homes sold last month were also pricier, with 63 units sold at between $3,500 psf and $4,500 psf, up from 28 in September.

Cheaper condos did even better, said Mr Mak. In fact, the number of units sold in the core central region fell by 53 per cent last month from September, while the number of mid-tier units sold doubled.

Source : Straits Times - 16 Nov 2007

What is the hight limit for this plot? Hope it will look better the the messy Altez

What is the hight limit for this plot? Hope it will look better the the messy Altez


same same Altez

Read from the Sunday Times there is a planned launch project called Skysuites@Anson. Wonder if it's this one.

Must be...anson is a short road...hehe

They bot at cheap land price...HUAT LIAO LOR

Just wondering how come FEO didnt make a high offer for this plot so as to monopolize..

This one 71 floors same same Altez

That was in 2008 when downturn liao.... FEO thought can get cheap, kenna lost to Allgreen.

Then 2nd plot which is Altez now, they raise higher bid....

So, you see Allgreen bought lower, but selling higher than FEO.... :lol:


Must be...anson is a short road...hehe

They bot at cheap land price...HUAT LIAO LOR

Just wondering how come FEO didnt make a high offer for this plot so as to monopolize..

That was in 2008 when downturn liao.... FEO thought can get cheap, kenna lost to Allgreen.

Then 2nd plot which is Altez now, they raise higher bid....

So, you see Allgreen bought lower, but selling higher than FEO.... :lol:

FEO obviously making a big mistake here.

Maybe tats y, they haf been bidding high in the suburbs to support Centro prices? :lol:

Actually Centro's location is very good.....just that people could not accept the price at that time.... But now with city fringe new condos launching at higher and higher price, Centro's price now looks normal ..... :lol:FEO obviously making a big mistake here.

Maybe tats y, they haf been bidding high in the suburbs to support Centro prices? :lol:

Actually Centro's location is very good.....just that people could not accept the price at that time.... But now with city fringe new condos launching at higher and higher price, Centro's price now looks normal ..... :lol:

I agree centro prices ard 1.2 to 1.3k psf looks normal liao...Vision 1.1 to 1.2k psf...no amenities, no Mrt and yet nobody complains...

I guess when Allgreen start at $1.8k-2k for lousiest units, then Altez and 76 Shenton at $1.6k-$1.8k for lousiest units will become so cheap....

I guess when Allgreen start at $1.8k-2k for lousiest units, then Altez and 76 Shenton at $1.6k-$1.8k for lousiest units will become so cheap....

We shall celebrate if allgreen can pull it off at such prices.

We shall celebrate if allgreen can pull it off at such prices.

Correction: WHEN not IF ;)

That was in 2008 when downturn liao.... FEO thought can get cheap, kenna lost to Allgreen.

Then 2nd plot which is Altez now, they raise higher bid....

So, you see Allgreen bought lower, but selling higher than FEO.... :lol:

Actually, Baby, if I remember correctly, the Altez site tendered and awarded out first followed by this site.

If only all 3 developments (Icon, Altez & this one) can join their commercial floors, maybe can make into a medium sized mall. Right now, that area don't have a proper mall. But, I think it's wishful thinking ... :lol:

I guess when Allgreen start at $1.8k-2k for lousiest units, then Altez and 76 Shenton at $1.6k-$1.8k for lousiest units will become so cheap....

I think in the subsale market, Altez & 76 Shenton asking this price or more already. Today afternoon MBS casino open all prices +$318psf :lol:

so allgreen gona try from 2kpsf???

HUAT!

so allgreen gona try from 2kpsf???

HUAT!

They are stupid if not....

The upcoming Orchard new launches start from $3k so is a 33% discount for Tg Pagar :)

Imagine buying a penthouse unit on the 70th floor of one of the tallest apartment buildings in Singapore, only to step in on key collection date to see your views blocked by Altez, haha.

When will this project be launched?
No news now?

I guess they are pending on d bid for the tanjong pargar land. Base on that can forward price their units....

I guess they are pending on d bid for the tanjong pargar land. Base on that can forward price their units....

Starting from $2k on low floors. Date unknown but likely after 7th month.

Starting from $2k on low floors. Date unknown but likely after 7th month.

may i noe whr u get this info from? from 2kpsf looks very challenging...unless they cut the sizes to 4xxsqft

bcoz lumiere gona TOP oredi finding hard to sell above 2kpsf for above 20th flr

Will be so stupid to sell new launches below $2k on prime land in financial district when new launches in suburb is closing to $1.5k and city fringe like Concourse already exceeded than $2k.

Remember flour cost more than bread in the property market.

may i noe whr u get this info from? from 2kpsf looks very challenging...unless they cut the sizes to 4xxsqft

bcoz lumiere gona TOP oredi finding hard to sell above 2kpsf for above 20th flr
not sure if its true but heard from agents lately that buyers prefer to go for icon over lumiere due to lower psf( 1700-1850psf), very low monthly maintenance ($150) n also getting immediate rental income..also not forgetting they neednt have to buy household furnitures like sofa,tv,bed etc...
there was a lumiere stack 5 1+1 above #21 going for 1810psf only recently. it was marketed for quite awhile,hope its sold by now..:cheers:

I think your agent is not doing his/her job. I think Clift/Lumiere is more popular than Icon. I have been selling for months for my loft but still no taker. Crap. Not even a single cheque. Luckily having a good yield.





not sure if its true but heard from agents lately that buyers prefer to go for icon over lumiere due to lower psf( 1700-1850psf), very low monthly maintenance ($150) n also getting immediate rental income..also not forgetting they neednt have to buy household furnitures like sofa,tv,bed etc...
there was a lumiere stack 5 1+1 above #21 going for 1810psf only recently. it was marketed for quite awhile,hope its sold by now..:cheers:

I think your agent is not doing his/her job. I think Clift/Lumiere is more popular than Icon. I have been selling for months for my loft but still no taker. Crap. Not even a single cheque. Luckily having a good yield.

mabe ur asking too high?

I think your agent is not doing his/her job. I think Clift/Lumiere is more popular than Icon. I have been selling for months for my loft but still no taker. Crap. Not even a single cheque. Luckily having a good yield.
how could it be? transactions have always been quite active in icon.
i am sure its your asking price! if u expect 1800psf n above,it will b tough unless your unit is designer furnishings n deco or very high floor....:cheers:

loft unit expensive quantum mah. Too much air space. Not many people appreciate.

not sure if its true but heard from agents lately that buyers prefer to go for icon over lumiere due to lower psf( 1700-1850psf), very low monthly maintenance ($150) n also getting immediate rental income..also not forgetting they neednt have to buy household furnitures like sofa,tv,bed etc...


i think the agents you are talking to might be HDB specialists...no matter what, they should know that people who pay more than $1k psf rarely choose their condo investment based on whether it comes with some used furniture or not :ohno:

otherwise, u raise a good point. some buyers with limited budget must consider icon at today's prices over the newer or more exclusive projects. however, i would caution that there is much more downside than upside at this price level for icon....

in any case, will be interesting to see how Lumiere price reacts now that it has TOP (u will hear owners getting keys in next 2 weeks). after owners get tenants now, will be even more reluctant to sell so don't expect many transactions. kind of like NOMU (last caveat was $1800psf but no owners will sell less than $2100).

may i noe whr u get this info from? from 2kpsf looks very challenging...unless they cut the sizes to 4xxsqft

bcoz lumiere gona TOP oredi finding hard to sell above 2kpsf for above 20th flr

what i can say is if u know allgreen u know they will never sell cheap.

remember, developers think like this: "if i can sell small units in orchard area for $2.5-3.0k then of course any launch in CBD can be $2-2.5k. especially can sell to mainland buyers, cos they only care about location and total cost."

To add on, if a studio cost 1 million at both Icon and Clift/Lumiere. Which one will you choose? Icon is already 3 years old. Amenities wise, I don't think there is a big difference and all three are just at MRT exit. View wise, Lumiere offers seaview if above 15th floor.



i think the agents you are talking to might be HDB specialists...no matter what, they should know that people who pay more than $1k psf rarely choose their condo investment based on whether it comes with some used furniture or not :ohno:

otherwise, u raise a good point. some buyers with limited budget must consider icon at today's prices over the newer or more exclusive projects. however, i would caution that there is much more downside than upside at this price level for icon....

in any case, will be interesting to see how Lumiere price reacts now that it has TOP (u will hear owners getting keys in next 2 weeks). after owners get tenants now, will be even more reluctant to sell so don't expect many transactions. kind of like NOMU (last caveat was $1800psf but no owners will sell less than $2100).

i think the agents you are talking to might be HDB specialists...no matter what, they should know that people who pay more than $1k psf rarely choose their condo investment based on whether it comes with some used furniture or not :ohno:

otherwise, u raise a good point. some buyers with limited budget must consider icon at today's prices over the newer or more exclusive projects. however, i would caution that there is much more downside than upside at this price level for icon....

in any case, will be interesting to see how Lumiere price reacts now that it has TOP (u will hear owners getting keys in next 2 weeks). after owners get tenants now, will be even more reluctant to sell so don't expect many transactions. kind of like NOMU (last caveat was $1800psf but no owners will sell less than $2100).
i thought so also but apparently they are not,this few agents specializes in the cbd area to my surprised( again)^^.....
home buyers there are many kinds regardless how much they pay whether its below 1k psf or above 1.5k psf,each will have their own perspective n agenda if its worth spending on home furnishings n home electricals:)
downside for icon n lumiere for the next few years is that there will be constructions right in front of them! but i m sure once completed,the environment will be much nicer....:cheers:

To add on, if a studio cost 1 million at both Icon and Clift/Lumiere. Which one will you choose? Icon is already 3 years old. Amenities wise, I don't think there is a big difference and all three are just at MRT exit. View wise, Lumiere offers seaview if above 15th floor.

somewhat depends on buyer preferences for number of units: lumiere is 168 units, clift is 300+ units, icon is 600+ units. pros and cons for both smaller and larger projects, but each one definitely caters to different niches or profiles of buyer n tenant. but no matter which project, there will always be a preference for views.

i thought so also but apparently they are not,this few agents specializes in the cbd area to my surprised( again)^^.....
home buyers there are many kinds regardless how much they pay whether its below 1k psf or above 1.5k psf,each will have their own perspective n agenda if its worth spending on home furnishings n home electricals:)


just my opinion, but i think they are pulling your leg. some agents just talk whatever they think a buyer wants to hear. however i have bought n sold a number of cbd n orchard units over the years. i can quite honestly say that more than 50% of the time the new buyer will ask to remove my furniture. those ones where they wanted to keep the furniture was mainly those pure rental / non luxury units i held. perhaps i just have bad taste in furniture...:lol:

I think it is not only you. No one wants old furniture ! I mean this is especially true when you are buying a private. This applies more to HDB I guess. If I have 1 million to buy a private, I don't really care about a $500 washing machine or $1000 sofa right? And you mentioned CBD and Orchard - it is impossible the next buyers will take over the old furniture.



just my opinion, but i think they are pulling your leg. some agents just talk whatever they think a buyer wants to hear. however i have bought n sold a number of cbd n orchard units over the years. i can quite honestly say that more than 50% of the time the new buyer will ask to remove my furniture. those ones where they wanted to keep the furniture was mainly those pure rental / non luxury units i held. perhaps i just have bad taste in furniture...:lol:

I think it is not only you. No one wants old furniture ! I mean this is especially true when you are buying a private. This applies more to HDB I guess. If I have 1 million to buy a private, I don't really care about a $500 washing machine or $1000 sofa right? And you mentioned CBD and Orchard - it is impossible the next buyers will take over the old furniture.

i only request to keep washing m/c and fridge if its still quite new..the rest all dunwan! usually lousy cheapskate furnitures..haha:lol:

i only request to keep washing m/c and fridge if its still quite new..the rest all dunwan! usually lousy cheapskate furnitures..haha:lol:
i was quite lucky than,owner left me branded home furnishings n electrical appliances :)
even if its lousy cheapskate furnitures,i will keep it also..:cheers:

Any idea when is this going to be launched? Been wanting to buy another studio in D2 for rental purpose but all like > 1M now.

Any idea when is this going to be launched? Been wanting to buy another studio in D2 for rental purpose but all like > 1M now.

tat dorset will launched first....been receiving smses....just a lift to MRT....just a call for services...wah liuuu:lol:

:ohno:

Overlorden and mingwen, I suggest you two and, for that matter, any other forum participants, stop engaging in meaningless banter. No more warnings.

flagged to moderator. will let them decide if it is necessary for you to insult people.

U TOO have been reported to the moderator..u are always stirring up trouble. :ohno:

:old:

:lol: :lol:.....:nuts: :nuts: funny

Is this project Skysuites?

Is this project Skysuites?

Yes, SkySuites

Does anyone know if this project will launch at all, given the recent suite of cooling measures? What do you think is a reasonable preview/launch price at this time?

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Heard the smallest unit is 367sf.. Another MM project.

Heard the smallest unit is 367sf.. Another MM project.

Wow!! Thats really small..................:ohno:

Here are some pics. It seems that they have been digging for quite some time. Nothing else. :)


Cant wait to see the renders for this project!!:cheers: So will this one be taller then Altez of the same 250m height?

Heard it's same height. Starting from SGD800K+

Heard it's same height. Starting from SGD800K+
Yeah should be around the $2000+psf range.:)

Soft Launch: Skysuites @ Anson on 19th March 2011

Submission Cheque: 4th March at Amara Hotel by appointment

Private Preview : 18 March after 2pm.

Indicative Price: S$18xxpsf onwards ( Price for 1 bedroom start at S$7XX,XXX )

http://www.sky-suites.com/

Got any skysuites flr plan to share? 366 sqft rite.... How well design can it be? Hehe

http://www.skysuite.sg/floorplan1.html

no floor plans yet..got a friend who went for the preview last weekend @ amara hotel to submit cheque..
he told me he was impressed with the design n layout,living spaces were fully utilised with clever concealed stowage areas..
this will put pressure on icon n altez 1 bedder unit prices cos the skysuites quantum would surely b lower n more affordable than the other 2 projects..:cheers:

quantum should be lower, but at 2500psf???? :nuts:

Err.. So much bay window n planter.
No HS thou.

Is the showflat up for skysuites? If yes, does anyone know where it is? Tks.

quantum should be lower, but at 2500psf???? :nuts:

300plus sqft too small for comfort..quantum not really small..@ $2500 to 2800psf for mickey mouse size..higher floor still almost close to 1mil...not too sure worth it?:bash:

300plus sqft too small for comfort..quantum not really small..@ $2500 to 2800psf for mickey mouse size..higher floor still almost close to 1mil...not too sure worth it?:bash:

well if can get 3500 per month ie 9psf for MM, why not.
9x12/2500 psf = 4.32% gross yield.
but personally if i have budget of 3500 per month, I would rent slightly bigger unit. my 2cents.

Is the showflat up for skysuites? If yes, does anyone know where it is? Tks.

somewhere along Peck Seah Street

somewhere along Peck Seah Street

Thanks. I suppose we can just drop in to see the layout or do we need a "VIP" invite?

From agent's email regarding skysuites:

18th March 2011 (morning) - VIP Preview
18th March 2011 (afternoon) - Cheque submission
19th March 2011 - KF invite / soft launch
20th March 2011 - soft launch

so perhaps need to contact your agent for VIP preview

Err.. So much bay window n planter.
No HS thou.

Having so much space for BW and Planter is a big disadvantage for buyers.

I assumed this project secured building approval before free GFA for BW and Planter were abolished. Otherwise no reason for developer to include them.

Imagine 30 years later it would have less enbloc value. The project will lose 10% of its GFA for BW and Planter.

While Icon will gain 10% GFA for Balcony that it doesnt have.

Refresh our memories.

Effective date: 01 Jan 2009

Currently, bay windows and planter boxes are exempted from GFA and sold as internal spaces of a residential unit. There is a need to review the GFA exemption for bay windows as they have been found to have contributed significantly to the building bulk, affect the design of buildings and generally do not encourage energy efficiency.


Bay windows


Bay windows were originally exempted from GFA because these were viewed as raised window ledges and not part of the floor slab. Over the years, the height of the bay window ledge was relaxed and allowed to be lowered to 0.5m from the floor slab. This has effectively made the bay window a usable internal space, no different from the rest of the floor space of the unit.


Increasingly, we are seeing a proliferation of bay windows among the newer residential developments with the buildings virtually wrapped around by bay windows. Often the provision of bay windows is intended mainly to increase the saleable strata space. In order to overcome the standard bay window façade appearance, some architects have resorted to provide cladding to hide the bay windows. The result is that this feature adds immense ‘bulk’ to a building and influences the design outcome of developments.


In addition, the extensive use of bay windows will lead to higher heat transfer into buildings and increase the need for air-conditioning to cool the building. BCA has advised that many existing residential buildings with extensive bay windows are found to exceed the prescribed Residential Envelope Transmittance Value (RETV) of 25W/m2. The extensive provision of bay windows therefore runs counter to the objective of encouraging energy efficient building design and sustainability.


Planter Boxes


The objective of planter boxes is to encourage residents living in flats and condominiums to provide some vertical greenery to help create visual relief to our high-density living environment. However, feedback and our investigations have revealed extensive unauthorised conversions of planter boxes within residential units for use as a balcony space or an extension of the living room instead. This defeats the purpose of giving GFA exemptions for the planter boxes to encourage vertical greenery in the first place.


URA has also received feedback that flat owners (i.e. the end users) are unhappy that they are not allowed to convert the planter boxes, which are part of their strata space, to other uses since they have paid for the space when they bought the unit. Others are not interested in planting, while some found the planter boxes restrictive and impractical to maintain the plants. As planter boxes are exempted from GFA, any conversion to other uses will involve additional GFA and payment of development charge for which the owner may not be prepared to pay.

Changes

It is apparent that exempting bay windows and planter boxes from GFA has led to the unintended and undesirable consequences mentioned above. It has unwittingly shifted market behaviours and negated the objective of the GFA exemptions for these building features. As such, our review has concluded that bay windows and planter boxes should no longer be exempted from GFA.


URA will leave it to the developers and building owners to decide if they wish to continue to provide bay windows and planter boxes for their residential developments so long as these building features are counted as GFA1. The industry will have a free hand to design and provide these building features based on their commercial considerations as there will no longer be restrictions on the size of bay windows and planter boxes. Planter boxes that are provided within the balcony can be treated as part of the 10% bonus balcony GFA. This revision will allow architects and developers to have more flexibility in the design of their buildings and internal spaces.

the 398sqft barely livable....365sqft layout looks terrible....

no bombshelter but whr tenants gona store their barang barang??

2bedder layout aso abit too small....3bedder at 10xxsqft looks quite ok

3.5k is hard for MM. Impossible should be a better word. If that fetch 3.5k, Icon/Altez fetch 5k? 2 bedroom 7k? I would put rental around 2.5 to 2.8k realistically - in today's market condition. When it TOP and market goes into decline or over supply. maybe 2k for 366 sqft and 2.8k for Icon 570 sqft? Just like Q4 2008. Seems plausible to me.

2k / 366 sf x 12 / 2500 = 2.6% yield.





well if can get 3500 per month ie 9psf for MM, why not.
9x12/2500 psf = 4.32% gross yield.
but personally if i have budget of 3500 per month, I would rent slightly bigger unit. my 2cents.

2k for MM during downturn in such a gd location seems scary...den those ocr/rcr MMs....1-1.5k? may not even enuff to cover the mortgage interest at 3%

suddenly reminds of of robinson suites....although 4xxsqft but the layout super CMI and feels like 3xxsqft as the so call 'study' area is quite useless.....at current market rental rate of let say at most 3k? but purchase price ard 1.3-1.5mio.....haha...they better pray hard

3.5k is hard for MM. Impossible should be a better word. If that fetch 3.5k, Icon/Altez fetch 5k? 2 bedroom 7k? I would put rental around 2.5 to 2.8k realistically - in today's market condition. When it TOP and market goes into decline or over supply. maybe 2k for 366 sqft and 2.8k for Icon 570 sqft? Just like Q4 2008. Seems plausible to me.

2k / 366 sf x 12 / 2500 = 2.6% yield.

i agree, there is no potential tenants that will want to pay 3.5K for a 300+ sq feet tiny hole. with that amount, they go out and rent bigger unit outside CBD and still near to MRT stations.

potential buyers should be careful especially if they thinking of getting such mm development, ask yourself, if you canno stay in a 300+ sq feet tiny hole, what makes you think potential tenants will want to live there, for like 2 yrs?

mayb there is, but for the caucasian, unless they are dwarfs, i dont think they can sqeeze into the tiny tolet :):nuts:

but hey....indicative price for this skysuits seems to be attractive at 7xxk? even prices start from 799k....for 365sqft work out to be from 2190psf....and let say rental 2.8-3k(based on similar sized MMs in D8 rented out average 2.2-2.5k)...yield got 2800X12/799000=4.2%

prices from 2200psf(799k), sure can attract buyers.....hmm.....spott18 is the best example liao....small is beautiful to many

i agree, there is no potential tenants that will want to pay 3.5K for a 300+ sq feet tiny hole. with that amount, they go out and rent bigger unit outside CBD and still near to MRT stations.

potential buyers should be careful especially if they thinking of getting such mm development, ask yourself, if you canno stay in a 300+ sq feet tiny hole, what makes you think potential tenants will want to live there, for like 2 yrs?

mayb there is, but for the caucasian, unless they are dwarfs, i dont think they can sqeeze into the tiny tolet :):nuts:

Will likely end up with short-term lease tenants, which is bad news for landlords.

but hey....indicative price for this skysuits seems to be attractive at 7xxk? even prices start from 799k....for 365sqft work out to be from 2190psf....and let say rental 2.8-3k(based on similar sized MMs in D8 rented out average 2.2-2.5k)...yield got 2800X12/799000=4.2%

prices from 2200psf(799k), sure can attract buyers.....hmm.....spott18 is the best example liao....small is beautiful to many

maybe 2200psf is for very low floors.
Do you think higher floors will breach 3000psf, like Robinson Suites?
But higher floors have bigger units, so psf should be lower.

More to supply vs demand than good location. Icon rental and southbank/citylights rental should be similar. One north R also. Maybe Icon $200 more at best. I don't see any advantage of being in tg pagar. Is how much allowance expats have on average and how much they are willing to spend.

So during downturn, which all of us have JUST witnessed, what is the rental like? Loft unit in Icon 3.5k, landlord already fight. 2007, I rented out 5.5k and tenant fight for it. 2k difference in 2 years so if you are buying, better adjust your expectation.

Just take 60% to 70% of Icon's rental and work out the sums. I mean, this is how MM are performing. Citylights/Southbank 3k+, those surrounding tiny MM 2k+. Averaging 60 to 70% of normal condo.

If Icon is 3.5k now, downturn 2.6 to 2.8k sound reasonable right? Then take 70% and you end up with around 1.8 to 2k. But if some buyers are so overly optimistic that MM can fetch same as normal studio, then buy more. Downturn, I buy from you :) :)

As for Robinson suite, developer over greedy. Make all units long long so can boast tiny bayview. Really tiny or maybe don't have bay view at all. Not livable.

Lastly, sporttiswoode residences sold avg 1.4 million. RS 1.3 to 1.6M. If rental don't have 4.5k to 5k for studio, these buyers are screwed. I mean, really screwed. Sorry if any of the owners read this but this is a fact. Even today's market, studio at MBR only 5k and is 730 sq ft.




2k for MM during downturn in such a gd location seems scary...den those ocr/rcr MMs....1-1.5k? may not even enuff to cover the mortgage interest at 3%

suddenly reminds of of robinson suites....although 4xxsqft but the layout super CMI and feels like 3xxsqft as the so call 'study' area is quite useless.....at current market rental rate of let say at most 3k? but purchase price ard 1.3-1.5mio.....haha...they better pray hard

More to supply vs demand than good location. Icon rental and southbank/citylights rental should be similar. One north R also. Maybe Icon $200 more at best. I don't see any advantage of being in tg pagar. Is how much allowance expats have on average and how much they are willing to spend.

.
.
.

Lastly, sporttiswoode residences sold avg 1.4 million. RS 1.3 to 1.6M. If rental don't have 4.5k to 5k for studio, these buyers are screwed. I mean, really screwed. Sorry if any of the owners read this but this is a fact. Even today's market, studio at MBR only 5k and is 730 sq ft.

good info, but i am sure many singaporeans will still buy mm cos they got smoke by agents that said MM unit can fetch same rental as normal studio, quantum is low and they just have to own a private property!

the property developers will continue to have a good year in 2011, whether big, small, listed or not listed developers, got a piece of land, it is better than gold.

good info, but i am sure many singaporeans will still buy mm cos they got smoke by agents that said MM unit can fetch same rental as normal studio, quantum is low and they just have to own a private property!

the property developers will continue to have a good year in 2011, whether big, small, listed or not listed developers, got a piece of land, it is better than gold.

So let them buy. When the tide goes out they better be wearing shorts because others will be waiting to scoop up fire sales. ^^

Err.. I understand altez n skysuite same plot ratio but Altez only 62 storey but skysuites 71? Meaning lower ceiling height?

More to supply vs demand than good location. Icon rental and southbank/citylights rental should be similar. One north R also. Maybe Icon $200 more at best. I don't see any advantage of being in tg pagar. Is how much allowance expats have on average and how much they are willing to spend.

So during downturn, which all of us have JUST witnessed, what is the rental like? Loft unit in Icon 3.5k, landlord already fight. 2007, I rented out 5.5k and tenant fight for it. 2k difference in 2 years so if you are buying, better adjust your expectation.

Just take 60% to 70% of Icon's rental and work out the sums. I mean, this is how MM are performing. Citylights/Southbank 3k+, those surrounding tiny MM 2k+. Averaging 60 to 70% of normal condo.

If Icon is 3.5k now, downturn 2.6 to 2.8k sound reasonable right? Then take 70% and you end up with around 1.8 to 2k. But if some buyers are so overly optimistic that MM can fetch same as normal studio, then buy more. Downturn, I buy from you :) :)

As for Robinson suite, developer over greedy. Make all units long long so can boast tiny bayview. Really tiny or maybe don't have bay view at all. Not livable.

Lastly, sporttiswoode residences sold avg 1.4 million. RS 1.3 to 1.6M. If rental don't have 4.5k to 5k for studio, these buyers are screwed. I mean, really screwed. Sorry if any of the owners read this but this is a fact. Even today's market, studio at MBR only 5k and is 730 sq ft.

Geylang MM fetched 2.5k in 2010.

I am not surprised. Geylang is one of the top yielding properties.



Geylang MM fetched 2.5k in 2010.

although i m not a big supporter of mm units,i do not find anything wrong with it if its in the cbd area..
many of these foreign expats working around there would find it very convenient to walk home from work or after their happy hr beer session..
cbd would b a very hip n happening area in the very near future n i m sure the foreign expats would luv to stay there even though the unit might b a bit smaller..dont forget,there are also many single female expats nowadays,so no prob fitting into bathrooms..:lol:
why would they wana live somewhere in east coast or west coast even though the 1 bedder may be slightly bigger but takes alot of travelling time...mm units would definitely be feasible in the cbd area imo n the demand for it will be there.:cheers:

I think we can just compare rental and we get the answer if one place is more popular than the other.




although i m not a big supporter of mm units,i do not find anything wrong with it if its in the cbd area..
many of these foreign expats working around there would find it very convenient to walk home from work or after their happy hr beer session..
cbd would b a very hip n happening area in the very near future n i m sure the foreign expats would luv to stay there even though the unit might b a bit smaller..dont forget,there are also many single female expats nowadays,so no prob fitting into bathrooms..:lol:
why would they wana live somewhere in east coast or west coast even though the 1 bedder may be slightly bigger but takes alot of travelling time...mm units would definitely be feasible in the cbd area imo n the demand for it will be there.:cheers:

but i wud say only the 398sqft layout can consider....and if its below 800k....

low flr nvm if it facing icon big big pool....LOL

No more bullet for me now. Can only smell.. Haha..

No more bullet for me now. Can only smell.. Haha..

sure or not? you only bought 2 out of 3 condos le :)
should still have enough capital for 1 more :)

-deleted-

http://i1122.photobucket.com/albums/l523/v_brandonn/Photo0166.jpg

Photos taken yesterday

Altez and Skysuite has started construction. 76 Shenton which was launched and soldout for nearly a year still no sign of any.

Altez and Skysuite has started construction. 76 Shenton which was launched and soldout for nearly a year still no sign of any.
the old building is still there.theres still a loooooooong way to go.:cheers:

Site look really small

Altez and Skysuite has started construction. 76 Shenton which was launched and soldout for nearly a year still no sign of any.

They have started doing up the hoarding. Netting is also up, preparing for demolition soon.

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Dun think thats the basement, just a very thick foundation, prob for the high storeys.

when are they going to assembly the tower crane?

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Here are some pics I took of the project. Demolition work is still on. :)

http://a2.sphotos.ak.fbcdn.net/hphotos-ak-snc6/264664_10150302716487040_671067039_9613551_7441631_n.jpg
http://a2.sphotos.ak.fbcdn.net/hphotos-ak-snc6/264664_10150302716487040_671067039_9613551_7441631_n.jpg
http://a7.sphotos.ak.fbcdn.net/hphotos-ak-snc6/260304_10150302716607040_671067039_9613554_6499253_n.jpg
http://a7.sphotos.ak.fbcdn.net/hphotos-ak-snc6/260304_10150302716607040_671067039_9613554_6499253_n.jpg
isn't they building up?

^^^^:nuts: Sorry, I mean they are slowly building up.

Being so slim, it might rise comparatively fast.

This project and Altez at 250m high kinda resemble the Highcliff & Summit projects in HK:

http://shafir.info/shafir_images/10Album/22Hong_Kong~10Volume_3~100Morning~500The_Summit_and_Highcliff.jpg

^^Now that you mention it, the more glassy building does look a little bit like Skysuites:) How tall are these two projects?? They look great.

They make an awesome pair...from Wikipedia, theyre 252m and 220m:

http://en.wikipedia.org/wiki/List_of_tallest_buildings_in_Hong_Kong

They make an awesome pair...from Wikipedia, theyre 252m and 220m:

http://en.wikipedia.org/wiki/List_of_tallest_buildings_in_Hong_Kong

Thanks:cheers: So about the same as Altez and Skysuites:) Hope they both have effect that these two.

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Hi all,

i am new here and greetings to all of you all.

My family is particularly interested in this 2 projects for investment purposes, Altez and Skysuites.

Comparing the 2 projects, a 2bedroom loft in skysuite cost roughly about 1.4m and a 2bedroom loft roughly about 2.3m. believe the rental yield for both the apartment in market now could fetch a min of 4-6k/mth.

Putting away the design/built-ins/height of your apartment, skysuite would have an edge over altez for investment purposes as long as you can get the place rented out.

Is this analysis correct? or is there other aspects i should consider?

I am really new and young in this field, i appreciate any kind advise and hope to learn from you all.

Thanks!

Being so slim, it might rise comparatively fast.

This project and Altez at 250m high kinda resemble the Highcliff & Summit projects in HK:

http://shafir.info/shafir_images/10Album/22Hong_Kong%7E10Volume_3%7E100Morning%7E500The_Summit_and_Highcliff.jpg

Went to the 2 showrooms awhile back. Altez and Skysuites. both places tell me they are the highest residential in singapore.

Who is speaking the truth?

Hi all,

i am new here and greetings to all of you all.

My family is particularly interested in this 2 projects for investment purposes, Altez and Skysuites.

Comparing the 2 projects, a 2bedroom loft in skysuite cost roughly about 1.4m and a 2bedroom loft roughly about 2.3m. believe the rental yield for both the apartment in market now could fetch a min of 4-6k/mth.

Putting away the design/built-ins/height of your apartment, skysuite would have an edge over altez for investment purposes as long as you can get the place rented out.

Is this analysis correct? or is there other aspects i should consider?

I am really new and young in this field, i appreciate any kind advise and hope to learn from you all.

Thanks!

Not sure if Sky Suite's 2bedroom is a loft.

Not sure if Sky Suite's 2bedroom is a loft.

oh .. ya you're right.. not a loft. please omit that.

Went to the 2 showrooms awhile back. Altez and Skysuites. both places tell me they are the highest residential in singapore.

Who is speaking the truth?

Both developments are 250m tall. Skysuites boasts to be higher because they have more floors (70 vs 60+)... Just a commercial battle, which is a little strange when you see how both concepts are so different.

Anyway, the plot above Tanjong Pagar MRT sold to Guocomo should see the construction of a residential building reaching 280m. So Altez and Skysuites won't be the tallest residentials for so long :)

Guess $3000/psf wun be far from now

Isn't Skysuites MM units?

Isn't Skysuites MM units?

whats MM units ah?
sorry pretty new to these acronyms.

whats MM units ah?
sorry pretty new to these acronyms.

Mickey Mouse units. :lol:

Mickey Mouse units. :lol:

seriously. :cheers:

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'Mickey Mouse unit' is a terminology given to small sized units. You can read more here (http://sbr.com.sg/markets-investing/news/mickey-mouse-units-remain-hot). Traditionally it's in relation to studio/1 bedroom units but there are very small 2 bedroom units as well (around 650+sqf).


seriously. :cheers:

'Mickey Mouse unit' is a terminology given to small sized units. You can read more here (http://sbr.com.sg/markets-investing/news/mickey-mouse-units-remain-hot). Traditionally it's in relation to studio/1 bedroom units but there are very small 2 bedroom units as well (around 650+sqf).

OOoo thanks!

Anybody got advice for me on my question?
Investment purposes, skysuite or Altez?

(16/7/2011)
http://i1115.photobucket.com/albums/k548/cranefans55/DSCN9260.jpg

http://i1115.photobucket.com/albums/k548/cranefans55/DSCN9261.jpg

^^ Nice!! Thanks for the pics !! :)

Thanks for the pictures too.
Keep them coming!

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^^ Doesnt seem to be progressing as fast as the neighbouring Altez... Seems that they are slowing down with the construction?

Altez started way before Skysuites.. looks like a high volume 1st floor is in progress, how fast can it get?

(3/8/2011)
http://img820.imageshack.us/img820/5202/dscn9745.jpg

http://img833.imageshack.us/img833/5696/dscn9751s.jpg

http://img683.imageshack.us/img683/8425/dscn9752z.jpg

http://img155.imageshack.us/img155/9751/dscn9757.jpg

Hmm, it seems that they may finish the first floor within the next few days and may start on the second floor.

(10/8/2011)
http://img811.imageshack.us/img811/9587/dscn9724.jpg

http://img814.imageshack.us/img814/904/dscn9729.jpg

http://img171.imageshack.us/img171/3040/dscn9730i.jpg

^^ Nice!! Thanks for the updates as usual. :)

looks damn small to me..

Interesting design as seen on the model in the showflat:

http://i630.photobucket.com/albums/uu22/don_diego_2000/IMG_1665.jpg

http://i630.photobucket.com/albums/uu22/don_diego_2000/IMG_1666.jpg

The crown looks quite spectacular!

The crown looks quite spectacular!

yeah.. the crown will be a beast to build.

Goodluck to the residents. It can be really hot up there and lots of energy goes into the cooling of the crown. Acoustic can be a problem in there if it is badly design. There are similar crowns built in Singapore. yeah.. the crown will be a beast to build.

Goodluck to the residents. It can be really hot up there and lots of energy goes into the cooling of the crown. Acoustic can be a problem in there if it is badly design. There are similar crowns built in Singapore.

Glass crowns are not the best idea for tropical climate here. Agreed

Glass crowns are not the best idea for tropical climate here. Agreed

^^ Greenhouse effect, perhaps? :lol:

Although the crown is glass surrounded. the top part is uncovered, this is compensate the heating effect i hope.

Glass may not be the best material in this case as they do get dirty and blur after awhile.
much visibility will be compromised.

^^ Greenhouse effect, perhaps? :lol:

Double glazed glass must be used. Sunshading is a good idea (like MBFC). And yes need strong a/c to cool the place before anyone ventures in during the day. :lol:

They may even need low-E 3 glazed glass. Sun shading has to be design well otherwise birds may perch on them. Double glazed glass must be used. Sunshading is a good idea (like MBFC). And yes need strong a/c to cool the place before anyone ventures in during the day. :lol:

some photo taken today.
http://img709.imageshack.us/img709/6484/dscn0220i.jpg]]

http://img508.imageshack.us/img508/7791/dscn0221p.jpg

http://img94.imageshack.us/img94/2764/dscn0223b.jpg

http://img94.imageshack.us/img94/2764/dscn0223b.jpg

http://img684.imageshack.us/img684/2059/dscn0228w.jpg

^^ Nice!! It looks like that they are going to start on the 2nd floor right now. :)

some photos taken(7/9/2011)
http://img718.imageshack.us/img718/7407/dscn0498c.jpg

http://img69.imageshack.us/img69/4716/dscn0499h.jpg

http://img62.imageshack.us/img62/3788/dscn0502e.jpg

http://img35.imageshack.us/img35/3089/dscn0503dv.jpg

Oh, it looks like they are going to finish the 2nd floor and proceed to the 3rd floor. Thanks for the update.

some photos taken today.
http://img718.imageshack.us/img718/9499/dscn0050w.jpg

http://img405.imageshack.us/img405/3977/dscn0055lb.jpg

^^ Nice!! Thanks for the updates. It has been awhile since I passed by this area. :)

looks like it is beginning to take shape!

way da go!

taken yesterday.
http://img5.imageshack.us/img5/9570/dscn0576ru.jpg

^^ Wow, it sure has risen quite fast as compared to the last time I visited the area. Thanks for the pictures!! :)

A month with no updates.
Anybody can snap some pictures when they pass by the building?

Some pics I took today. :)

https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-snc7/375540_10150492972262040_1867444258_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-snc7/375540_10150492972262040_1867444258_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash4/383279_10150492972422040_2006759043_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash4/383279_10150492972422040_2006759043_n.jpg

Thanks Mith.

Can see the Altez crane just next to it. The buildings look pretty close but it could just be the camera angle ...

^^

They appear pretty close in the URA city model..i imagine the ground-up view of two 250m towers side by side in such closeness would be quite dramatic

http://farm3.static.flickr.com/2253/2516341866_134d58f322_o.jpg

^^

They appear pretty close in the URA city model..i imagine the ground-up view of two 250m towers side by side in such closeness would be quite dramatic


^^ yah, that does look awfully close!

Like a slice of Hong Kong in downtown Singapore lol

Not sure if there are specific guidelines governing spacing for residential buildings at this location anyway...These 2 plots were previously intended to be sold as a single parcel which might have resulted in another Icon slab-like block. With 2 smaller plots the developers probably had to build up to the maximum permissible height of 250m.

some pictures taken today.
http://img607.imageshack.us/img607/7627/dscn1809x.jpg

http://img843.imageshack.us/img843/9361/dscn1813u.jpg

^^ Nice! Thanks for the update. :)

wao.. i think its pretty slow.. or is this normal..

Took this in the morning ...
Don't see many people working tho...

http://i1122.photobucket.com/albums/l523/v_brandonn/Photo0287.jpg

^^ Nice. Thanks for the update. :)

some pictures taken today.
http://img651.imageshack.us/img651/9147/dscn2144h.jpg

http://img857.imageshack.us/img857/7363/dscn2149m.jpg

Anybody thinks that this project is very slow on construction?
i am judging it on the project beside it. Already so high up already

Its been a while since this thread has been going on. I am a newbie here. I am just wondering.. Have anyone heard about the new launch development called EON which will be taking over the current Marina House?

-deleted-

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Thanks for updating.. keep them coming

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Some pics I took of the site. It has reached the 32nd floor.

https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash4/s720x720/293033_10151119057367040_476079601_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash4/s720x720/293033_10151119057367040_476079601_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash4/603487_10151119057627040_1555084638_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash4/603487_10151119057627040_1555084638_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-snc7/479953_10151119057987040_2083619701_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-snc7/479953_10151119057987040_2083619701_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash4/306316_10151119058377040_1894633166_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash4/306316_10151119058377040_1894633166_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-prn1/562940_10151119058877040_1404745780_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-prn1/562940_10151119058877040_1404745780_n.jpg

Think it should be at 32 or 33 storey, I think.

http://i1122.photobucket.com/albums/l523/v_brandonn/Photo0305.jpg

^^ Nice, great to see the project from another angle. Thanks for the picture update! :)

How many storeys is this project, 60+ like Altez? From where i live, I can already see Altez sprouting up from behind Pinnacle. Looking forward to seeing Sky Suites soon! Yay!

^^ It seems that it is going to be about 71 floors. Around the same height as Altez.

Some pics I took of the site. It has reached the 32nd floor.

https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash4/394191_10151188808062040_2021690339_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash4/394191_10151188808062040_2021690339_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash4/394341_10151188808232040_982317254_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash4/394341_10151188808232040_982317254_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash4/255504_10151188808577040_1879926318_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash4/255504_10151188808577040_1879926318_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash4/320170_10151188808912040_1413519558_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash4/320170_10151188808912040_1413519558_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash4/216956_10151188809237040_37187336_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash4/216956_10151188809237040_37187336_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/262992_10151188809507040_1000009727_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/262992_10151188809507040_1000009727_n.jpg

Some pics I took of the site.

https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-snc7/578626_10151216352472040_605529324_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-snc7/578626_10151216352472040_605529324_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-snc7/426351_10151216352757040_512182798_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-snc7/426351_10151216352757040_512182798_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn1/47881_10151216353022040_1738942167_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn1/47881_10151216353022040_1738942167_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-snc7/578426_10151216353277040_1872394806_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-snc7/578426_10151216353277040_1872394806_n.jpg

The two twin condos rising majestically :drool:

http://i630.photobucket.com/albums/uu22/don_diego_2000/IMG_2106.jpg

Some pics I took of the site. They have reached 35th floor.

https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash3/557653_10151251501227040_39984401_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash3/557653_10151251501227040_39984401_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash4/247710_10151251501482040_1399119618_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash4/247710_10151251501482040_1399119618_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-prn1/46524_10151251501717040_1018577255_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-prn1/46524_10151251501717040_1018577255_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-snc6/229948_10151251502052040_1337116623_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-snc6/229948_10151251502052040_1337116623_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-snc7/427891_10151251502307040_2040931257_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-snc7/427891_10151251502307040_2040931257_n.jpg

Some pics I took of the site. It seems to have reached the 40th floor.

https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash4/417028_10151279776782040_1846096934_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash4/417028_10151279776782040_1846096934_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash3/522349_10151279776987040_2106206096_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-ash3/522349_10151279776987040_2106206096_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-prn1/155984_10151279777277040_1028532915_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-prn1/155984_10151279777277040_1028532915_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/22400_10151279777557040_350929537_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/22400_10151279777557040_350929537_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-snc7/311263_10151279777767040_1158605876_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-snc7/311263_10151279777767040_1158605876_n.jpg

Some pics I took of the site today. Looks like it has reached the 43rd or 44th floor.

https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn1/533525_10151312037987040_811744427_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn1/533525_10151312037987040_811744427_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-snc7/432184_10151312038087040_760943547_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-snc7/432184_10151312038087040_760943547_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-prn1/60563_10151312038167040_1575387917_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-prn1/60563_10151312038167040_1575387917_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash3/67837_10151312038282040_379144730_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash3/67837_10151312038282040_379144730_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash4/198157_10151312038377040_14890181_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash4/198157_10151312038377040_14890181_n.jpg

Some pics I took of the site today. It seems to have reached the 48th floor.

https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash3/14726_10151352221942040_742572494_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash3/14726_10151352221942040_742572494_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-snc7/294067_10151352221932040_492302409_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-snc7/294067_10151352221932040_492302409_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-ash3/602746_10151352221947040_613648675_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-ash3/602746_10151352221947040_613648675_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash4/399174_10151352222317040_1899731736_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash4/399174_10151352222317040_1899731736_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-prn1/15425_10151352222377040_1860184091_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-prn1/15425_10151352222377040_1860184091_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash3/20715_10151352222442040_1784812233_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash3/20715_10151352222442040_1784812233_n.jpg

Some pics I took of the project today. It has reached the 54th floor.

https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-snc7/382238_10151453744047040_254909842_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-snc7/382238_10151453744047040_254909842_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-prn1/46691_10151453744017040_110380076_n.jpg
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-prn1/46691_10151453744017040_110380076_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-ash4/487649_10151453744022040_37855243_n.jpg
https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-ash4/487649_10151453744022040_37855243_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-snc6/377687_10151453744152040_303158807_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-snc6/377687_10151453744152040_303158807_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash4/385393_10151453744147040_477917426_n.jpg
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash4/385393_10151453744147040_477917426_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/485322_10151453744212040_690377766_n.jpg
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash4/485322_10151453744212040_690377766_n.jpg

Thanks for the pics. I am following the rise of both these "twins" from my home 6km away as they are now high enough to be seen from there :)

Some pics I took of the building today. It seems to have reached the 56th floor.

https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash3/644674_10151540040492040_691061928_n.jpg
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-ash3/644674_10151540040492040_691061928_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-snc6/300100_10151540040467040_1817955411_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-snc6/300100_10151540040467040_1817955411_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash3/530197_10151540040527040_557587688_n.jpg
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-ash3/530197_10151540040527040_557587688_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/602081_10151540040672040_756924021_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash3/602081_10151540040672040_756924021_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn1/45572_10151540040722040_2142420245_n.jpg
https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-prn1/45572_10151540040722040_2142420245_n.jpg

Altez and SkySuites double dic*....