Category Archives: New Launches

Ho Bee, MCL launching Parvis condo at $1,480 psf average

Posted on 5 Nov 2009 | Comments Off on Ho Bee, MCL launching Parvis condo at $1,480 psf average

As other developers mull over whether to release new projects this quarter or hold back until 2010, Ho Bee and MCL Land have moved to launch their Parvis condo at Holland Hill this week.

Parvis: 85 of the 248 units in the freehold project are being released, with absolute prices ranging from $1.62m for a 990 sq ft unit to $3.02m for a 1,991 sq ft unit

The average price is about $1,480 per sq ft for the initial batch of 85 units. The 12-storey freehold project has 248 units.

The pricing is considered fair for the location, said a property consultant who is not marketing Parvis, adding that it could easily be $1,500-1,600 psf on average.

The Lush on Holland Hill nearby is selling for about $1,500 psf on average. In the secondary market, units at Waterfall Gardens in Farrer Road are changing hands for about $1,450-1,500 psf.

The 85 units MCL Land and Ho Bee are releasing at Parvis will be priced between $1,400 psf and $1,600 psf. In absolute terms, prices range from $1.62 million for a two-bedroom unit of 990 sq ft to $3.02 million for a four-bedder of 1,991 sq ft. Continue reading →

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Capella Niseko to launch sale here

Posted on 5 Nov 2009 | Comments Off on Capella Niseko to launch sale here

The luxury 149-unit Capella Niseko Resort and Residences in Hokkaido will be launched for sale here on Friday.

Valley deep, mountain high: The freehold residences are set on 32 acres of greenery close to popular Hokkaido ski destination Annupuri-Niseko Mountain, and are expected to be completed in 2012

Set on 32 acres of greenery and close to popular ski destination Annupuri-Niseko Mountain, the freehold residences – which comprises 94 apartments, 36 houses and 19 villas – are expected to be completed in 2012. Construction is to start around April next year.

Capella Hotels and Resorts has come on board as the operator and renowned Japanese architect Tadao Ando will design the project.

The 67-room Capella Niseko resort will be a full-service hotel, including a Village Centre that offers fine dining, bars and a spa.

Property developer Annupuri Land said that about 20 residential units have been taken up so far – with the majority of buyers from Hong Kong – and it hopes that the rebounding economy will spur sales.

‘The timing is right. The Asian economies are taking off again,’ said Annupuri Land co-founder Harry Pang. Continue reading →

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Posted in New Launches, Overseas Property

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