Adam Park Condo, 19 Shelford are transacting at around $1200 psf. The Shelford is going at $1350 pfs.
The land area for Shelford Suites is 7,113 sq m = 76,535 sq ft. It can be built up to 76,535 X 1.4 = 107,150 sq ft. CDL is building 77 units in the development. Each unit will therefore average out at 1,391 sq ft.
Assuming that CDL launches it at $1800 psf, the price for a 3bedder will be around $2.5M. I think this is "do-able". En-bloc people from Leedon Heights/Farrer Park may be looking here.
This means that the prices of units at Shelford Road/Adam Road will go up!
yeah... better get a unit at the older condos at Shelford/Adam before CDL launches theirs. Shelford Suites will pull up the prices around that area.
there is another plot there which has gone en-bloc. popular holdings has bought 18 shelford road (besides adam park condo). i think they are waiting to see what happens to shelford suites before deciding what to do. they may even launch theirs at a higher price given that they have the number "18" in their address...
wonder what has happened to the en-bloc of watten estate condo?
think should launch sometime later sept from prev news article. knowing CDL and based on Latitude pricing style, wont be surprised if launch price starts from 2000psf in view of Duchess Residences selling out at >2000psf during launch. Plus, only 77 units, hence can afford to stretch pricing a little further.
MCL Land's Hillcrest Villa (99yr cluster townhouses) nearby also expected to be launched later this mth i think
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