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Old May 26th, 2004, 05:27 AM   #1
RafflesCity
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D11 | Park Infinia at Wee Nam (30 x4 floors)

Some information concerning the upcoming Pinnacles@Wee Nam.

Nov 2003

Keppel Land acquires Newton site



Keppel Land Limited (KLL) has, through its wholly owned subsidiary Keppel Land Realty Pte Ltd, entered into a conditional sale and purchase agreement to purchase a 7,056 sq m freehold site at Keng Lee Road, off Newton Road for $88.21 million. This site is adjoining the current Pinnacles @ Wee Nam project.

This acquisition is subject to successful alienation of an adjoining 1,477.5 sq m of state land. After taking into account an estimated cost of $7.4 million, for the development charge for the site and land premium for the state land, the acquisition price for the entire 8,533.5 sq m site works out to about $372 psf per plot ratio.

The site will enjoy a plot ratio of 2.8 for residential use and can be redeveloped up to a height of 36 storeys.

Currently, Pinnacles @ Wee Nam is located on a 13,220.6 sq m land plot, which will now increase to 21,754.1 sq m after the acquisition. This makes the development one of the largest in the Newton area, with the current 280 units being expanded to a total of about 480 units in a more spacious environment. The amalgamated development is slated for launch by second quarter 2004.

Mr Kevin Wong, KLL’s Managing Director said, “The acquisition of this adjoining site is timely in view of the anticipated improved economic growth and market recovery. The amalgamated site will enable us to achieve greater efficiency and economies of scale, thereby allowing us to achieve better returns.

“A larger plot will also allow us to have a better design with a more integrated development equipped with a wider range of comprehensive recreational facilities. This acquisition will also enable us to design the buildings to have better orientation, giving residents panoramic views of the city’s landscape and greenery.”

The above transaction is not expected to have any significant impact on the net tangible asset per share or earnings per share of KLL for the year ending 31 December
2003.

The Pinnacles @ Wee Nam is a freehold full-facility condominium situated in the established residential Newton area, and located just minutes from the Newton MRT and Orchard Road.

It also enjoys easy access to good schools like Anglo Chinese (Barker Road) and Anglo Chinese Junior Schools, as well as shopping and recreation amenities at Novena and United Square.

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Old August 21st, 2004, 04:56 PM   #2
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omigod! i just saw the pinnacles@wee nam picture! so pretty! no more info on it?

wee nam sounds bad though :/ i'm slow yes
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Old August 21st, 2004, 05:03 PM   #3
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I am excited about it cos its glassy and tall. It will also make Newton look denser. However I cant find more info on it. There are some old houses on the plot and those have to be demolished first. I dont know if they are gonna launch it this year though -_-.

I think they should retain the name as Wee Nam is a very old road
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Old August 21st, 2004, 05:15 PM   #4
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no info board arh? can estimate about how much per squre foot it would be?

who is wee nam? will it have a good view? and if yes, view of what?
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Old August 21st, 2004, 05:18 PM   #5
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May be a prominent businessman like Oxley, Cuppage and others.
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Old August 21st, 2004, 05:19 PM   #6
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Quote:
Originally Posted by heirloom
no info board arh? can estimate about how much per squre foot it would be?

who is wee nam? will it have a good view? and if yes, view of what?
Not yet. However next to it there is a plot of land boarded up by Far East Organization for a project called "Miro" or something like that but also no rendering on that as they havent decided on the final design/height....

The location of this will be practically very near the Lincoln Modern so it should have similar views. Wee Nam is a very old road parallel to Lincoln Rd. I dunno bout Wee Nam himself....
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Old August 21st, 2004, 05:23 PM   #7
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Could it be him?
http://www.huayinet.org/biography/bi..._leeweenam.htm
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Old August 21st, 2004, 05:27 PM   #8
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near lincoln modern = 1000+ / psf i assume...

cuppage is a funny name i think haha
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Old November 8th, 2004, 11:03 PM   #9
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walked past the site today. The project is renamed Park Infinia @ Wee Nam.

Keppel Land recently acquired more land on the site so with this extra space, theyre redesigning the project. The showroom was u/c today and the launch is at the very end of this year or maybe next year. Couldnt get info on the new design yet hope it will still be tall, blue and glassy.
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Old November 9th, 2004, 04:30 AM   #10
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How come so many buildings like to have '@' in their names?
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Old November 9th, 2004, 05:26 AM   #11
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i hope they keep the design of the original building..

@redstone
because many singaporeans are very faddy (except they are behind the fads), corny, and uh... short sighted.

it's so incredibly silly to have @ in your address.
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Old November 9th, 2004, 05:28 AM   #12
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Library @ Orchard
National Library @ Singapore
The Sail @ Marina Bay
Park Infinia @ Wee Nam
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Old December 19th, 2004, 05:00 PM   #13
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Old December 19th, 2004, 05:02 PM   #14
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So futuristic!
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Old December 19th, 2004, 05:05 PM   #15
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there is a construction boom going on..the site where I was standing on to take the pano, is going to build up to 4 blocks of 30 floor apartments, to be launched next year
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Old December 19th, 2004, 05:06 PM   #16
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Wah kao?!

What is it?
No renderings, no nothing?
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Old December 19th, 2004, 05:12 PM   #17
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Park Infinia at Wee Nam

I saw the model in a showroom (which was selling another condo) today, but its not launched yet. The design isnt that striking, but the land plot is enormous..it will really add density to the skyline
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Old December 19th, 2004, 05:14 PM   #18
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Renderings?
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Old December 19th, 2004, 05:16 PM   #19
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i dont have the rendering, but you can check out Keppelland's website for any changes
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Old March 7th, 2005, 12:43 AM   #20
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5th March 2005

finally the signboard and rendering is up.





equipment can be seen on the site


view along Wee Nam road
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