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Proposed Residential Development at No. 1 Newton Road - Singapore

Meinhardt are providing Civil, Structural, Mechanical & Electrical Engineering for this proposed residential development at No.1 Newton Road.
On a site area of 5,213 sqm, a gross floor area of 14,597 sqm and a building height of 112m, the development is to comprise a 29 storey luxury residential tower with 2 levels of basements for carparking.

Source : http://www.meinhardtgroup.com/content/Projects.asp?ProjectID=3244&SectorID=-1&CountryID=8&Keywords=

I think 1st post is Important so I change the article
 

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By Spirit
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encon said:
does anyone have news about Condominium in Newton area called NEWTON ONE

owned by LIPPO GROUP?
Probably launching in April this year, and is about 29-storeys tall, offering 2-5 bedroom units.

They are starting to build the showflat...and I think they have to demolish an old apartment on the site.
 

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RafflesCity said:
Probably launching in April this year, and is about 29-storeys tall, offering 2-5 bedroom units.

They are starting to build the showflat...and I think they have to demolish an old apartment on the site.
ok thanks for the Info btw any renderings ?

and I see the demolishing of the old apartment :D
 

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By Spirit
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no renderings so far

part of it is demolished, part there's still a block left....only the fencing is up...

lets wait and see what they come up with :yes:

Seems that its Lippo's first residential project
 

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Discussion Starter · #6 ·
^^ yes I think so their first Condominium Project in Singapore (not sure if it 1st one :D)
 

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Proposed Residential Development at No. 1 Newton Road - Singapore

Meinhardt are providing Civil, Structural, Mechanical & Electrical Engineering for this proposed residential development at No.1 Newton Road.
On a site area of 5,213 sqm, a gross floor area of 14,597 sqm and a building height of 112m, the development is to comprise a 29 storey luxury residential tower with 2 levels of basements for carparking.

Source : http://www.meinhardtgroup.com/content/Projects.asp?ProjectID=3244&SectorID=-1&CountryID=8&Keywords=
 

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Discussion Starter · #13 ·
RafflesCity said:
something used to be there, I'm sure.


CAN i GET the links of this projects

:)

will be back nxt week!
 

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By Spirit
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Lippo to launch first residential project here

19 May 2006

By Joyce Teo
Property Correspondent

INDONESIA'S Lippo group is making its maiden foray into residential property development here at a site in Newton - and is hoping for an auspicious start by setting a new pricing benchmark for the area.

And this is no one-off foray: The conglomerate has made it clear that this project will not be its last in Singapore.

It will start selling the 91-unit luxury Newton One on Saturday at a soft launch for invited guests only.

Priced at $1,200 to $1,250 per sq ft (psf) on average, the apartments will cost a bit more than other developments in the area, which cost about $1,000 psf.

Lippo is confident it can pull off this premium in pricing, as the 29-storey project offers quality fittings and unique features that sets it apart from the rest.

'This is our first property. It will set the standard for Lippo developments,' said Lippo Realty executive director Thio Gim Hock.

All units, which range from 1,216 to 2,411 sq ft, come with their own private lift lobbies.

The biggest of the eight units boasts five bedrooms - one is actually a granny flat with its own kitchenette and private entrance from the lift lobby.

These 2,411 sq ft units also have large master bedrooms featuring a separate private lounge area that is Mr Thio's idea.

And except for the smallest two-bedroom units, the rest come with two balconies - in the living and dining area.

Mr Thio said the project has already attracted buying interest ahead of the official launch slated for the following weekend, with Knight Frank as the marketing agent.

He brings extensive experience to his position, having masterminded the 1991 launch of Four Seasons Park when he was executive director of Hotel Properties.

'Four Seasons Park was the benchmark for luxury condos in the early 90s,' said an industry source.

Lippo clinched the former Newton Heights freehold site for Newton One in a collective sale in February last year for $43.6 million.

The firm is also busy planning another project on a site that it bought last month in Kim Seng Road - with a launch set for early next year.

It expects to build slightly more than 300 units there.

Besides residential developments, Lippo has in its local portfolio commercial properties such as 78 Shenton Way and 79 Anson Road that could eventually be injected into a real estate investment trust.

Lippo has also unsuccessfully made bids in tenders for major projects such as Orchard Turn.
 

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Heard prices have now increased to 1420psf from 1230psf... back in June (see stream on Scotts HighPark), when Scotts HP was looking to launch 1400psf. Any confirmation ??

Now that Scotts HP is selling at 2200psf (1800psf average), will Newton1 increase more ??? Has [email protected] increased/Park Infinia others in Newton/Novena increased ??
 

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By Spirit
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^^
A news article today:

Record condo prices set in S'pore River, Newton areas

16 Aug 06

Robust demand partly due to spillover effect from fast-rising prices of Orchard Road homes

THE trend of record-breaking prices for luxury homes in the heart of Orchard Road is spilling over to surrounding areas such as Newton and the Singapore River, with prices hitting new highs for some new projects there.
CapitaLand yesterday said it achieved prices of at least $2,000 per sq ft (psf) for two of the four penthouse units it has sold in its high-end Scotts HighPark at Scotts Road, located next to the Newton MRT Station.

One unit, a 4,209 sq ft duplex penthouse that is part of the project's 37-unit 'penthouse series', fetched more than $2,200 psf, said Ms Patricia Chia, the chief executive of CapitaLand's Singapore residential division.

This comes a day after the property giant said a record price of $1,700 psf was fetched for a unit at another of its properties, the RiverGate condominium by the Singapore River.

The prices achieved by Scotts HighPark are now comparable to those fetched by other projects in the Scotts Road/Newton area at the property market peak of 1996 and 1997, while RiverGate's prices have surpassed previous records, property consultants told The Straits Times yesterday.

While CapitaLand's condominiums are currently topping the price stakes in these areas, other developments are also seeing prices climb as home buyers flock to projects that are a stone's throw away from Orchard Road but considerably cheaper.

Two other projects in the Newton area - City Developments' (CDL's) Residences @ Evelyn and Lippo Group's Newton One - are selling at average prices of $1,200 psf to $1,300 psf.

In comparison, prices of projects in traditionally swankier areas such as Ardmore, Draycott, Tanglin and Cairnhill now range between $1,500 psf and $2,000 psf, while units at CDL's St Regis Residences are busting all records at above $3,000 psf.

Other, less conventional residential areas just off Orchard Road are also enjoying strong demand. At Mohamed Sultan Road, CDL's The Pier @ Robertson is being priced at around $1,100 psf, about 20 per cent higher than its average price of $900 psf when the project was launched in 2003.

And in nearby Kim Seng Road is Wheelock Properties' 228-unit The Cosmopolitan, which has seen prices rise by 5 per cent to 8 per cent since its official launch last October, to hit up to $1,400 psf.

Next door is a 280-unit condominium by Lippo that will be launched by early next year at prices even higher than The Cosmopolitan, Mr Thio Gim Hock, the executive director of Lippo Realty (Singapore), said yesterday.

Robust demand for homes in these areas is partly driven by a spillover effect from booming demand for luxury Orchard Road condominiums, he said.

'Prices in Orchard Road have risen so quickly and so high that people are now looking just outside Orchard for more affordable homes,' he added.

But 'for a development to achieve record prices, it cannot just depend on spillover demand', said Mr Nicholas Mak, the director of research and consultancy at Knight Frank.

He added that 'there are many other factors that lead to a project hitting benchmark prices, including its orientation, design, facilities and fixtures'.

For instance, he noted that CapitaLand's 40-storey RiverGate is much taller than the neighbouring developments - including Watermark and The Pier, which are both only 10 storeys high - meaning that RiverGate can command better views.

'A high-rise condo in Orchard Road would be just one of many similar projects, but if you put it in another area that is generally more low-rise, it really stands out,' he added.

Part of the demand in the Singapore River area could also be the result of the rejuvenation of the district, which has become an attractive waterfront alternative close to the city, said

Dr Chua Yang Liang, the head of Singapore research at Jones Lang LaSalle.

'There is latent demand waiting in these non-traditional areas, and developers are now offering more options for buyers,' he said.

By Fiona Chan
 

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By Spirit
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Newton One almost sold out in 6 months

14 Sep 06

Nearby projects such as Park Infinia, Residence @ Evelyn also selling well

NEW residential developments in the Newton area are proving to be highly popular with one close to be fully sold in just several months.



Newton One, launched about six months ago by Lippo Realty, has only three units and one penthouse left out of 91 units for sale. And the developer has not decided to sell the penthouse yet.

On a much larger scale, Keppel Land's Park Infinia, launched around Q4 2005, has sold 90 per cent of 392 units launched out of a total of 486 units. City Developments, which launched the 208-unit Residence @ Evelyn in June, have sold about 85 per cent of the 106 units launched.

Lippo in particular appears to be right on the mark with its formula for Newton One, despite being located close to the flyover at Newton Circus. A Lippo spokeswoman said most of its buyers had highlighted design and the fittings provided as a deciding factor. 'A lot of people actually compared our design with other developments and then came back to buy Newton One.' And most of the buyers are Singaporeans or permanent residents. 'They make up about 75-80 per cent,' she said, adding that the profile of buyers were mostly that of young families, with some young singles.

Savills Singapore senior manager of research and consultancy, Wallace Chu, said the appeal of the Newton area is that it represents the 'best of both worlds', explaining that it was close to Orchard Road, yet set in a leafy neighbourhood.

Prices are also attractive as the public perception is that 'Newton is not as prime as Orchard', he said. Mr Chu also noted that there are potentially more redevelopment sites in the area, with a variety of projects to choose from. Prices for Newton One average $1,250 psf while the average price for Residences @ Evelyn is $1,225 psf and Park Infinia cost about $950 psf.

One development that will be launched this weekend is The Merlot by Fragrance Properties. The 15-storey development on Keng Lee Road is comparatively small - there are only 42 units. It will be priced competitively starting at $680 psf. Units are between 517 sq ft and 1,098 sq ft.


By ARTHUR SIM
 
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