Tag Archives: TEL

Marine Blue officially launched this weekend

Capitaland is officially launching a residential project in Marine Parade this weekend. The  average price for the units is at S$1,700 per sq ft (psf). This officially launch came after more than two years after its soft launch in January 2015.

38 units have been sold as of last month. Majority of the units in Marine Blue come with a view of the sea. The remaining 86 units for sale comprise 52 one-bedroom units, 27 loft suites, three penthouses and four pool terraces:

  • One-bedroom units (sizes from 635 to 980 sq ft); priced S$1.13 million – S$1.39 million.
  • Loft suites (sizes from 1,270 to 1,593 sq ft); priced S$1.56 million – S$1.67 million.
  • Penthouse units (sizes from 3,025 to 3,261 sq ft); priced S$4.11 million – S$4.47 million.
  • Pool terraces (three bedrooms and a private pool) (sizes from 3,670 to 3,993 sq ft);  priced S$4.87 million – S$5.24 million.

Marine Blue received its temporary occupation permit (TOP) in October last year. Under Qualifying Certificate (QC) rules, CapitaLand is due to sell all units by October 2018. Marine Blue is located near East Coast Park, Tao Nan and Ngee Ann Primary and many other popular schools in the east. It is conveniently opposite the popular shopping mall in the east, Parkway Parade, with the new Thomson-East Coast Line (TEL) to be ready in 5 years’ time. The owner of Parkway Parade, Landlease, is separately launching a mega integrated development in Paya Lebar as well over the weekend.

The official launch of the 124-unit Marine Blue comes after the government’s move last Friday to ease property market cooling measures that have been in place since 2013:

  • each tier of the seller’s stamp duty (SSD) will be lowered by four percentage points and the holding period shortened from 4 years to 3.
  • a new stamp duty – the Additional Conveyance Duties – aimed at residential property transactions done through the transfer of shares in property-holding entities.
  • Total Debt Servicing Ratio (TDSR) will no longer apply to mortgage equity withdrawal loans with loan-to-value ratios of 50 per cent and below.

$720K for a freehold property in Katong. Also for rent at $2.9K

Katong is the evergreen residential estate in Singapore. Mountbatten Suites is a low-rise development near the eateries of Katong. Minutes drive to CBD, Orchard Road and Airport, 441 sqft. Vacant now. Great investment choice in D15. Asking only $720K. Now with the announcement of the TEL line, the potential in the area is tremendous. The nearest station is at nearby Amber Road. Also for rent at $2.9K

Call 94772121 for more details.

Mountbatten suites20140330-171534.jpg 20140330-171548.jpg 20140330-171517.jpg 20140330-171502.jpg 20140330-171422.jpg

http://www.propertyguru.com.sg/listing/14693040/for-sale-mountbatten-suites

Views of Thomson-EastCoast Line Part 2

Here are the locations and artist’s impressions of the respective stations along the latest MRT line. (Source: LTA)

Part 2: Marine Parade, Marine Terrace and Siglap

This is also known as District 15 of Singapore housing areas. Being close to Airport, CBD and East Coast Park, it is a value choice for expats and those who loved waterfront stays, as well as close proximity to town. Popular Shopping Haunts include evergreen Parkway Parade, Roxy Square (I and II), i!2 Katong Mall and Marine Parade/Marine Terrace Neighbourhood hub. Popular Condos in the areas include Cote d’Azur, Silversea, The Seaview, D’ecosia, Mandarin Gardens, The Esta, and Parc Seabreeze.

TELline8 TELline9 TELline10 TELline11 TELline12 TELline13

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

Properties to be acquired for the new TEL line

http://www.straitstimes.com/news/singapore/transport/story/thomson-east-coast-line-6-amber-road-houses-tanjong-katong-apartments#9

The latest addition to Singapore’s rail network is a 13km, nine-station line tracing the east coast shoreline.

Transport Minister Lui Tuck Yew announced this during a visit to the Marina South Pier Station, which is an extension of the North-south Line that is expected to open later this year. Mr Lui said the new line – originally called the Eastern Region Line – is scheduled for completion by 2024, and expected to cost $6.8 billion.

The line is an extension of the Thomson Line and will head east through areas such as Tanjong Rhu, Marine Parade and Siglap and terminate at the world’s first four-in-one depot in Bedok South.

The project will however involve 24,136.4 sq m of land being acquired. Six houses along Amber Road and a three-storey walk-up apartment block at 443-447 Tanjong Katong Road will be fully acquired.

Eight partial lots will also be acquired. This includes part of the land that condominium Laguna Park along Marine Parade Road sits and part of the land that St Patrick’s School sits on.

Other partial lots being acquired are along Tanjung Rhu Road, Meyer Road, East Coast Road and Changi South Street 2 and 3.

The bulk of the acquisition, however, will come from Laguna Golf & Country Club which will have to give up 17,656 sq m.

Panoramic shot of the walk up apartment with a provision shop along Tanjong Katong Road (right) and the cluster of six semi-detached houses (left) along Amber Road that will make way for Amber Station on the upcoming East Coast Line as seen on Aug 15, 2014. -- ST PHOTO: KEVIN LIM

The cluster of six semi-detached houses along Amber Road that will make way for Amber Station as seen on Aug 15, 2014. -- ST PHOTO: KEVIN LIM 
An individual unit of the cluster of six semi-detached houses along Amber Road that will make way for Amber Station as seen on Aug 15, 2014. -- ST PHOTO: KEVIN LIM
An individual unit of the cluster of six semi-detached houses along Amber Road that will make way for Amber Station as seen on Aug 15, 2014. -- ST PHOTO: KEVIN LIM
An individual unit of the cluster of six semi-detached houses along Amber Road that will make way for Amber Station as seen on Aug 15, 2014. -- ST PHOTO: KEVIN LIM

Better Compensation for land-owners affected by Thomson-East Coast Line development

http://www.channelnewsasia.com/news/singapore/better-compensation-for/1315250.html?cid=FBSG

Some property owners affected by land acquisition from the development of the Thomson-East Coast Line can expect better compensation. Property analysts say this is because of recent changes to the Land Acquisition Act.

Amendments passed in Parliament last week (Aug 5), saw the removal of the “betterment levy” – a fee imposed on the compensation a land owner gets. This fee is equivalent to the rise in value of the area around the acquired land as a result of developments.

Six landed properties along Amber Road, and a three-storey apartment along Tanjong Katong Road will be acquired by the Government, to make way for construction of the eastern part of the Thomson-East Coast Line.

The Singapore Land Authority (SLA) says all efforts have been made to minimise land acquisition. SLA’s Land Sales and Acquisition Director Thong Wai Lin: “So far we are acquiring only for the Thomson-East Coast Line this portion of the eastern region line we’re acquiring 24,136.4 sq m, the bulk of it is from Laguna Golf and Country Club. So, about 6,480 sq m are from the residential, and industrial properties, and we’re only affecting 15 residential properties, nine strata units, and six landed properties.”

Laguna Golf and Country Club says authorities started engaging them about the acquisition since April this year. The Club says none of the holes are affected, and believes the new MRT Line will be a boost for members, guests and staff.

Affected residents have been served notices by the Singapore Land Authority. Many say the notice came as a surprise. One affected landowner, Mr Sim, told us he was “heartbroken”: “I spent the last 50 years on this business and now they ask you to move, you have to do so.”

Property analysts expect affected owners to be well compensated. Said Mr Desmond Sim, Head of Research at CBRE Research: “The thing about land acquisition is that the new law that has been passed, is that it allows land acquisition to be on full market value. They have disregarded the reduction of the betterment value. So I think those people affected by this land acquisition will be better compensated going forward.”

Next month, the Singapore Land Authority will meet with affected land owners on the submission of claims. They will know the compensation award in six months.