Tag Archives: costa rhu

Enbloc potential along TEL may ring louder

With the announcement of the Thomson-East Coast Line (TEL), there were talk about the possible rise in collective sales in the District 15 area, especially those near the designated stations.

Older developments that are 20 years or older and having less than 200 units each, in areas such as Amber Road, Katong, Marine Parade and Siglap will be especially in developers’ radars, given the smaller purchase quantum and corresponding lower risks. Some of the potential developments, which are freehold, include Amber Point, Parkway Apartments, Katong Park and Equatorial Apartments. All are more than 20 years old and given their smaller plot areas, may be palatable enough to raise developers’ interests.

Meanwhile some developments along the TEL have already made several attempts to en bloc like the following:

– Laguna Park, a 99-year leasehold development with 63 years left on its lease. The last en bloc attempt was in October 2011, where the asking price was $1.25 billion, equivalent to $954psf ppr.

– Hawaii Tower, a freehold development that last attempted to en bloc in 2011 as well with an asking price of $700 million.

So with the announcement of the TEL these two developments may now stand a better chance of finding buyer

These leasehold/freehold developments may also have potential for enbloc by the time the TEL begin construction: King’s Mansions, Costa Rhu, Pebble Bay, Mandarin Gardens, Park Shore and Casuarina Cove

Transactions of Top Selling Projects in District 15 (from Jan to Jul 2014) Part 1

Part 1 (Source: URA)
1. VILLA MARINA

Villa Marina1

Villa Marina2

Project Name Street Name Tenure Price Area (sqft) Floor Level $psf Resale Date
VILLA MARINA JALAN SEMPADAN 99 yrs lease commencing from 1995 $1,298,000 1,281 01 to 05 1,013 Jun
VILLA MARINA JALAN SEMPADAN 99 yrs lease commencing from 1995 $1,280,000 1,281 01 to 05 999 May
VILLA MARINA JALAN SEMPADAN 99 yrs lease commencing from 1995 $1,290,000 1,582 01 to 05 815 May
VILLA MARINA JALAN SEMPADAN 99 yrs lease commencing from 1995 $1,200,000 1,249 01 to 05 961 May
VILLA MARINA JALAN SEMPADAN 99 yrs lease commencing from 1995 $1,670,000 2,024 01 to 05 825 Apr
VILLA MARINA JALAN SEMPADAN 99 yrs lease commencing from 1995 $1,280,000 1,625 01 to 05 788 Mar
VILLA MARINA JALAN SEMPADAN 99 yrs lease commencing from 1995 $1,100,000 1,087 01 to 05 1,012 Feb

2. SANCTUARY GREEN

Sanctuary-Green Sanctuary-Green2

Project Name Street Name Tenure Price Area (sqft) Floor Level $psf Resale Date
SANCTUARY GREEN TANJONG RHU ROAD 99 yrs lease commencing from 1997 $1,630,000 1,399 06 to 10 1,165 Jun
SANCTUARY GREEN TANJONG RHU ROAD 99 yrs lease commencing from 1997 $2,000,000 1,711 06 to 10 1,169 May
SANCTUARY GREEN TANJONG RHU ROAD 99 yrs lease commencing from 1997 $1,590,000 1,399 01 to 05 1,136 Apr
SANCTUARY GREEN TANJONG RHU ROAD 99 yrs lease commencing from 1997 $1,560,000 1,399 01 to 05 1,115 Apr
SANCTUARY GREEN TANJONG RHU ROAD 99 yrs lease commencing from 1997 $940,000 850 01 to 05 1,105 Apr
SANCTUARY GREEN TANJONG RHU ROAD 99 yrs lease commencing from 1997 $1,930,000 1,744 16 to 20 1,107 Apr
SANCTUARY GREEN TANJONG RHU ROAD 99 yrs lease commencing from 1997 $1,500,000 1,119 11 to 15 1,340 Feb

3. COSTA RHU

Costa Rhu

Kallang Bay view

Project Name Street Name Tenure Price Area (sqft) Floor Level $psf Resale Date
COSTA RHU RHU CROSS 99 yrs lease commencing from 1994 $2,180,000.00 1,776 06 to 10 1,227 Jun
COSTA RHU RHU CROSS 99 yrs lease commencing from 1994 $1,263,000.00 1,012 06 to 10 1,248 May
COSTA RHU RHU CROSS 99 yrs lease commencing from 1994 $2,300,000.00 1,776 06 to 10 1,295 Apr
COSTA RHU RHU CROSS 99 yrs lease commencing from 1994 $1,250,000.00 990 06 to 10 1,262 Apr
COSTA RHU RHU CROSS 99 yrs lease commencing from 1994 $3,300,000.00 2,239 01 to 05 1,474 Mar
COSTA RHU RHU CROSS 99 yrs lease commencing from 1994 $3,100,000.00 2,088 01 to 05 1,485 Feb
COSTA RHU RHU CROSS 99 yrs lease commencing from 1994 $2,055,000.00 1,776 06 to 10 1,157 Jan

Night lights from the kallang riverside

Serene waterfront views on the Kallang Riverside. Lights in the night. The Indoor Stadium, the new Sports Hub, Tanjong Rhu condos (Costa Rhu, Pebble Bay). The Flyer. Marina Bay. Beautiful.

Was jogging along this scenic park, and was mesmerized by the lights. This is also part of Kampong Bugis where the upcoming masterplan mentioned about the new development plans in Singapore. I also saw a new showflat coming up here. A freehold property launch in a few weeks time. Pricing? It will be interesting to know how much it will fetch to enjoy such a wonderful waterfront view.

20140404-212707.jpg

20140404-212717.jpg

20140404-212807.jpg

20140404-212816.jpg

20140404-212824.jpg

20140404-212912.jpg

20140404-215224.jpg

20140404-220053.jpg

20140404-220105.jpg