Tag Archives: pebble bay

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

Upcoming MRT line a boon for REITS, new condo developments and existing residences

A number of property outfits owning sites along the future Thomson-East Coast Line have been touted as likely beneficiaries of the 13km, nine-station MRT line skirting the east shoreline.

They include real estate investment trusts (Reits) and mainboard-listed developers.

“Residential developments in the vicinity will likely see 5 per cent to 10 per cent capital gains, retail malls will benefit from growth in shopper traffic, while office and industrial properties will benefit from improved tenant demand,” UOB KayHian analyst Vikrant Pandey said in a research report this week.

Potential beneficiaries include CapitaLand, Keppel Land, Roxy Pacific, Chip Eng Seng, UOL, Suntec Reit, Keppel Reit, Frasers Centrepoint Trust, Keong Hong Holdings and Ascendas Reit, he said.

Maintaining an “overweight” call on the property sector, Mr Pandey saw the new line as a long-term catalyst.

“We like deep-value and diversified property stocks, preferably those with exposure to the commercial and hotel segments.”

He added: “CapitaCommercial Trust, Suntec Reit, Keppel Land, CDL Hospitality Trusts, CapitaLand and Wing Tai are our preferred picks.”

DBS Group Research, in a report this week on the construction sector, said further rail developments in the Thomson-East Coast Line will add $24 billion worth of construction activity for the period until 2024.

Scheduled to be completed in two phases, the $6.8 billion line will run almost parallel to the East-West Line and the future Downtown Line 3, significantly cutting travel time from the East Coast to the Central Business District, Orchard Road and the northern part of Singapore.

It is also expected to bring the MRT to within walking distance of an estimated 160,000 households there.

Upon the line’s completion by 2024, properties near the new MRT stations – at Tanjong Rhu, Katong Park, Amber, Marine Parade, Marine Terrace, Siglap, Bayshore, Bedok South and Sungei Bedok – are all expected to see higher rentals, which lead to potential capital appreciation, OrangeTee senior research analyst Wong Xian Yang said yesterday.

New residential developments along the East Coast, including CapitaLand’s Marine Blue condo project in Marine Parade and UOL’s Seventy St Patrick’s, are likely to see renewed interest.

Meanwhile, developers with existing investments in the area could realise significant redevelopment potential in the medium to long term, Mr Pandey said.

These include Roxy Pacific’s Grand Mercure Roxy Hotel, and the upcoming Master Contract Services’ and Keong Hong Construction’s hotel development along East Coast Road.

Existing residential developments near the new line, including Water Place, Pebble Bay, The Waterside, Aalto, Cote D’Azur, Laguna Park, Bayshore Park, The Bayshore and Costa Del Sol, could benefit in the medium term, said Mr Pandey.

However, the ongoing property cooling measures may dampen price appreciation in the near term, he added.

Retail Reits including Frasers Centrepoint Trust, which owns Changi City Point; Starhill Global Reit, which partially owns Wisma Atria and Ngee Ann City malls; and SPH Reit, which owns Paragon, could benefit from increased shopper traffic as a result of better connectivity.

Improving connectivity to Changi Business Park and housing estates such as Tampines, the Downtown Line will be extended with a new station, Xilin, linking Sungei Bedok along the Thomson-East Coast Line with the Expo station on the Downtown Line, Mr Pandey said.

Greater connectivity to Changi may increase demand for logistics space in Changi South and Changi Business Park, which could benefit Ascendas Reit, Soilbuild Reit, Cache Logistics Trust, Viva Industrial Trust and Mapletree Industrial Trust.

Office developments along the new line, including Marina Bay Financial Centre and OUE Downtown in Shenton Way, may see improved demand, he said.

– See more at: http://business.asiaone.com/news/upcoming-east-coast-line-boon-those-nearby#sthash.ZgEHNI8A.dpuf

Best 5 selling projects in District 15 (based on sales volume) in 2014 ( Jan to Jul)

  1. The Makena

Makena Makena1

 

 

 

 

 

 

 

 

 

 

 

 

Location:                     Meyer Road
Range of $psf sold:     $1215 to $1454
Range of Sizes sold:   1152 to 1615 sqft
No of units sold:          9
Development Name:   The Makena
Property Type:            Condominium
Developer:                  Hong Leong Holdings
Tenure:                       Freehold
Completion Year:       1998
# of Units:                   504

The Makena is a freehold development located at Meyer Road, minutes ride to the upcoming Dakota MRT Station. Completed in 1998, it comprises 504 units. The Makena is close to Parkland Golf Driving Range and the East Coast Park. It is also minutes to Stadium MRT and the upcoming TEL line.

Project Name Street Name Tenure Price Area (sqft) Floor Level $psf Resale Date
THE MAKENA MEYER ROAD Freehold $2,120,000 1,615 11 to 15 1,313 Jul
THE MAKENA MEYER ROAD Freehold $2,100,000 1,615 06 to 10 1,301 Jun
THE MAKENA MEYER ROAD Freehold $2,100,000 1,518 11 to 15 1,384 Apr
THE MAKENA MEYER ROAD Freehold $2,150,000 1,582 11 to 15 1,359 Apr
THE MAKENA MEYER ROAD Freehold $1,430,000 1,152 06 to 10 1,242 Mar
THE MAKENA MEYER ROAD Freehold $2,300,000 1,582 16 to 20 1,454 Feb
THE MAKENA MEYER ROAD Freehold $1,610,000 1,152 16 to 20 1,398 Jan
THE MAKENA MEYER ROAD Freehold $2,008,888 1,582 06 to 10 1,270 Jan
THE MAKENA MEYER ROAD Freehold $1,700,000 1,399 01 to 05 1,215 Jan
  1. Silversea

Silversea 1 Silversea-sunrise

 

 

 

 

 

Location:                     Marine Parade Road
Range of $psf sold:    $1635 to $2766
Range of Sizes sold:  969 to 4338 sqft
No of units sold:          9
Development Name:   Silversea
Property Type:            Condominium
Developer:                  Marina Green Ltd
Tenure:                       99-year Leasehold
Completion Year:        2014
# of Floors:                 21
# of Units:                  383
Silversea is 99-year Leasehold condominium at 50A Marine Parade Road in District 15 near Dakota MRT Station. Its expected completion is in 2014 and it will offer a total of 21 storeys and 383 units. Amenities are aplenty at the nearby Parkway Parade, Paramount, and Roxy Square. Schools such as Chatsworth International School, Tanjong Katong Primary School, and Tao Nan School are just around the corner.

Project Name Street Name Tenure Price Area (sqft) Floor Level $psf Resale Date
SILVERSEA MARINE PARADE ROAD 99 yrs lease commencing from 2007 $1,680,000 969 01 to 05 1,734 Jul
SILVERSEA MARINE PARADE ROAD 99 yrs lease commencing from 2007 $2,575,000 1,485 06 to 10 1,734 Jul
SILVERSEA MARINE PARADE ROAD 99 yrs lease commencing from 2007 $4,450,000 2,530 16 to 20 1,759 May
SILVERSEA MARINE PARADE ROAD 99 yrs lease commencing from 2007 $3,500,000 1,658 16 to 20 2,111 Apr
SILVERSEA MARINE PARADE ROAD 99 yrs lease commencing from 2007 $4,320,000 2,519 11 to 15 1,715 Apr
SILVERSEA MARINE PARADE ROAD 99 yrs lease commencing from 2007 $12,000,000 4,338 16 to 20 2,766 Apr
SILVERSEA MARINE PARADE ROAD 99 yrs lease commencing from 2007 $2,586,800 1,582 01 to 05 1,635 Apr
SILVERSEA MARINE PARADE ROAD 99 yrs lease commencing from 2007 $8,800,000 3,574 16 to 20 2,462 Mar
SILVERSEA MARINE PARADE ROAD 99 yrs lease commencing from 2007 $2,673,000 1,485 06 to 10 1,799 Jan
  1. Pebble Bay

Pebble-Bay

Pebble Bay

 

 

 

 

 

 

 

 

 

Location:                   Tanjong Rhu
Range of $psf sold:   $1199 to $1572
Range of Sizes sold: 850 to 3134 sqft
No of units sold:        9
Development Name: Pebble Bay
Property Type:          Condominium
Developer:                CapitaLand
Tenure:                     99-year Leasehold
Completion Year:      1998
# of Units:                  510
Pebble Bay is a 99-years leasehold development located at 130 Tanjong Rhu Road in District 15. Completed in 1998, it comprises 510 units. Pebble Bay is located minutes walk from the Stadium MRT station and there is a bus service available nearby. Schools are mostly located within driving distance, whereas several restaurants are sprawled across the area. Residents can take short drive to Kallang Leisure Park to for more than just daily necessities. Recreational facilities include the Marina Bay Golf Course and the water sports facilities available at the nearby Kallang basin.

For vehicle owners, it takes 15-20 minutes to drive to the business hub and the Orchard Road shopping belt, via East Coast Parkway.

Project Name Street Name Tenure Price Area (sqft) Floor Level $psf Resale Date
PEBBLE BAY TANJONG RHU ROAD 99 yrs lease commencing from 1994 $1,020,000 850 06 to 10 1,199 May
PEBBLE BAY TANJONG RHU ROAD 99 yrs lease commencing from 1994 $4,128,000 2,626 11 to 15 1,572 May
PEBBLE BAY TANJONG RHU ROAD 99 yrs lease commencing from 1994 $2,280,000 1,894 01 to 05 1,204 May
PEBBLE BAY TANJONG RHU ROAD 99 yrs lease commencing from 1994 $4,300,000 3,143 01 to 05 1,368 May
PEBBLE BAY TANJONG RHU ROAD 99 yrs lease commencing from 1994 $2,730,000 1,894 11 to 15 1,441 May
PEBBLE BAY TANJONG RHU ROAD 99 yrs lease commencing from 1994 $3,550,000 2,626 06 to 10 1,352 Apr
PEBBLE BAY TANJONG RHU ROAD 99 yrs lease commencing from 1994 $2,818,000 1,894 11 to 15 1,487 Apr
PEBBLE BAY TANJONG RHU ROAD 99 yrs lease commencing from 1994 $2,900,000 2,336 01 to 05 1,242 Mar
PEBBLE BAY TANJONG RHU ROAD 99 yrs lease commencing from 1994 $2,620,000 1,894 01 to 05 1,383 Jan
  1. Berkeley Residences

Berkeley-Residences

 

 

 

 

 

 

Location:                   Lorong N Telok Kurau
Range of $psf sold:   1246 to $1532
Range of Sizes sold: 635 to 883 sqft
No of units sold:        12
Development Name: Berkeley Residences
Property Type:          Apartment
Developer:                Bvlgari Park Residences Pte. Ltd.
Tenure:                      Freehold
Expected Completion:         2015
# of Units:                 22
Berkeley Residences is a 22 Units of Freehold Apartment located at Lorong N Telok Kurau in District 15. It will be completed in 2015.

Project Name Street Name Tenure Price Area (sqft) Floor Level $psf Resale Date
BERKELEY RESIDENCES LORONG N TELOK KURAU Freehold $1,100,000 883 01 to 05 1,246 Jul
BERKELEY RESIDENCES LORONG N TELOK KURAU Freehold $1,000,000 764 01 to 05 1,308 Jun
BERKELEY RESIDENCES LORONG N TELOK KURAU Freehold $1,180,000 883 01 to 05 1,337 Jun
BERKELEY RESIDENCES LORONG N TELOK KURAU Freehold $1,170,888 764 01 to 05 1,532 May
BERKELEY RESIDENCES LORONG N TELOK KURAU Freehold $1,320,888 883 01 to 05 1,497 May
BERKELEY RESIDENCES LORONG N TELOK KURAU Freehold $1,130,888 764 01 to 05 1,480 May
BERKELEY RESIDENCES LORONG N TELOK KURAU Freehold $1,170,888 764 01 to 05 1,532 Apr
BERKELEY RESIDENCES LORONG N TELOK KURAU Freehold $940,888 635 01 to 05 1,482 Apr
BERKELEY RESIDENCES LORONG N TELOK KURAU Freehold $1,310,888 883 01 to 05 1,485 Apr
BERKELEY RESIDENCES LORONG N TELOK KURAU Freehold $1,130,888 764 01 to 05 1,480 Mar
BERKELEY RESIDENCES LORONG N TELOK KURAU Freehold $1,110,889 764 01 to 05 1,454 Jan
BERKELEY RESIDENCES LORONG N TELOK KURAU Freehold $1,140,888 829 01 to 05 1,377 Jan
  1. The Shore Residences

Theshore1 theshore2 theshore3

 

 

 

 

 

 

 

 

 

 

 

 

Location:                   Amber Road
Range of $psf sold:  $1347 to $1679
Range of Sizes sold: 592 to 1292 sqft
No of units sold:        14
Development Name: The Shore Residences
Property Type:          Condominium
Developer:                Far East Organization
Tenure:                     103-year Leasehold
Completion Year:      2013
# of Floors:               20
# of Units:                 408
The Shore Residences is a 103-year leasehold condominium development located at 81 Amber Road, Singapore 439893, in District 15, minutes away from Eunos MRT Station. Expected to be completed in 2013, it comprises six 20-storey towers, totalling 408 units. The Shore Residences is close to East Coast Park and Geylang Serai Malay Village.

 

Project Name Street Name Tenure Price Area (sqft) Floor Level $psf Resale Date
THE SHORE RESIDENCES AMBER ROAD 103 yrs lease commencing from 2009 $1,800,000 1,141 11 to 15 1,578 Jul
THE SHORE RESIDENCES AMBER ROAD 103 yrs lease commencing from 2009 $1,400,000 893 16 to 20 1,567 Jun
THE SHORE RESIDENCES AMBER ROAD 103 yrs lease commencing from 2009 $1,500,000 893 16 to 20 1,679 May
THE SHORE RESIDENCES AMBER ROAD 103 yrs lease commencing from 2009 $1,350,000 926 01 to 05 1,458 May
THE SHORE RESIDENCES AMBER ROAD 103 yrs lease commencing from 2009 $1,938,000 1,292 01 to 05 1,500 Apr
THE SHORE RESIDENCES AMBER ROAD 103 yrs lease commencing from 2009 $1,700,000 1,055 06 to 10 1,612 Apr
THE SHORE RESIDENCES AMBER ROAD 103 yrs lease commencing from 2009 $1,450,000 1,076 01 to 05 1,347 Apr
THE SHORE RESIDENCES AMBER ROAD 103 yrs lease commencing from 2009 $1,750,000 1,141 11 to 15 1,534 Apr
THE SHORE RESIDENCES AMBER ROAD 103 yrs lease commencing from 2009 $1,880,000 1,292 11 to 15 1,455 Mar
THE SHORE RESIDENCES AMBER ROAD 103 yrs lease commencing from 2009 $990,000 592 06 to 10 1,672 Mar
THE SHORE RESIDENCES AMBER ROAD 103 yrs lease commencing from 2009 $1,380,000 872 06 to 10 1,583 Mar
THE SHORE RESIDENCES AMBER ROAD 103 yrs lease commencing from 2009 $1,665,000 1,055 06 to 10 1,578 Mar
THE SHORE RESIDENCES AMBER ROAD 103 yrs lease commencing from 2009 $1,880,000 1,292 06 to 10 1,455 Feb
THE SHORE RESIDENCES AMBER ROAD 103 yrs lease commencing from 2009 $1,500,000 893 16 to 20 1,679 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